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The Bankruptcy Strategist

October 2010

League Impact on the Sports Team Bankruptcy Process

The Good, the Bad and the (Coyote) Ugly. Part One of a Two-Part Article

By Thomas J. Salerno and Jordan A. Kroop

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.

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