League Impact on the Sports Team Bankruptcy Process

As more beleaguered team owners seek refuge in bankruptcy proceedings, the resulting clash of league interests with fundamental principles of bankruptcy law will result in the development of novel legal and practical solutions for financially distressed sports franchises.

33 minute readSeptember 28, 2010 at 02:44 PM
By
Thomas J. Salerno
Jordan A. Kroop
League Impact on the Sports Team Bankruptcy Process

There's no playbook when it comes to professional sports teams facing bankruptcy, given that only six of them have sought bankruptcy protection since the Bankruptcy Code was enacted in 1978.

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