bankruptcy - Sports News, Headlines & Highlights
USA Gymnastics Files For Bankruptcy Amid Legal Challenges With Larry Nassar's Victims
USA Gymnastics filed for bankruptcy on Wednesday in a decision likely intended to brace the governing body for the impact of impending legal, financial and structural concerns that the organization will have to face in the near future....
Ex-MLB Pitcher Livan Hernandez Files For Bankruptcy
Former MLB pitcher Livan Hernandez has filed for bankruptcy in federal court in South Florida. It was first reported today by the Miami Herald....
Report: DraftKings And FanDuel Aren't Paying Vendors, Have Almost No Cash On Hand
Daily fantasy heavyweights DraftKings and FanDuel are in dire financial straits, months behind on payments to vendors and suffering from extreme cashflow problems, according to the New York Times....
How To Start A New Job At A Company That Just Declared Bankruptcy<em></em>
My first week of work at Gawker Media was a dream: I got some blogs up, enjoyed office snacks while they were still new and fresh to me, enjoyed my coworkers while they were still new and fresh to me, attended one of their swanky book parties, and on the final day of that week, learned that the comp...
Bankruptcy Filings: Clinton Portis Owes Nearly $5 Million
Former NFL running back Clinton Portis has owed a lot of people a lot of money for some time now, and according to bankruptcy filings, the exact amount that he owes to various creditors is $4,857,659.50....
Jack Johnson Is Fighting For His Contract In Bankruptcy Court
Columbus Blue Jackets defenseman Jack Johnson filed for Chapter 11 bankruptcy last October, after being scammed out of millions by his parents. Now, he’s attempting to convert his filing into a Chapter 7 case—which, in very broad terms, would allow Johnson to resolve his debts by liquidating his ass...
Serie A Side Parma, $106 Million In Debt, Declared Bankrupt
Serie A side Parma, who are dead last and a sure thing to be relegated, was declared bankrupt in Italian court today, according to The Guardian. While it looks like they will finish out the Serie A season—possibly with funding from the league or Italian soccer federation—there remains the possibilit...
Michael Vick Is Learning To Live Boat-Free
Here's a story on how Michael Vick has paid off an extraordinary amount of debt over the last five years—more than $15 million of the $17.8 million he owed creditors upon declaring for bankruptcy while in prison on dogfighting charges. It's a window on Vick's responsibility—which has, by all account...
Jack Johnson's Bankruptcy Filing Claims His Parents Spent All His Money
If you haven't yet read the Columbus Dispatch article on Blue Jackets defenseman Jack Johnson, do so. It's an insane (but not uncommon) story about how a pro athlete, who signed a $30.5 million contract in 2011, ends up filing for bankruptcy....
The 11 Best Things For Sale At Curt Schilling's Bankruptcy Auction
Curt Schilling is being sued by the state of Rhode Island as a result of that whole video game company going bankrupt and defaulting on $75 million in loans thing. In an attempt to satisfy his creditors, Schilling's putting the contents of his Medfield home up for estate auction, enabling you (or so...
New Owner Of Chicago Arena Football Team Is A Bankrupt Convicted Felon
David Staral Jr. bought the Arena Football League's Chicago Rush in February. He replaced an owner whose tenure had lasted three months before the league "terminated its relationship" with her because of financial issues. But, look: Staral has three convicted felonies to go with even bigger financia...
Lawsuit Alleges That Curt Schilling's Company Concealed Financial Information To Get Loan From Rhode Island
It's been months since the Curt Schilling's quixotic pursuit to create an online role playing game ended with his video game company, 38 Studios, going belly up. 38 Studios didn't go bankrupt until after it had taken a $75 million dollar loan from the state of Rhode Island, though, and new court do...