The Evolution of Sports Bankruptcies

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Team bankruptcies have never been more successful. Unsurprisingly, players and teams in the highflying, swing-for-the-fences world of sports often

follow great success with failure. However, while players are still filing for bankruptcy and even going to jail for financial fraud—Lenny Dykstra, most recently—teams seem to have found a more effective approach to financial difficulty.

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Published In: Art, Entertainment & Sports Updates, Bankruptcy Updates, Franchise Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Steve Krause | Attorney Advertising

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