Scott Greenberg and Richard Birns of Gibson Dunn are leading the legal charge alongside Michael Sirota of Cole Schotz. These lawyers are working to save the league while the money runs out. Court filings show the debtors’ motions characterize the new setup as “LIV 2.0 and a team holding company operating beneath it.” The old model relied on guaranteed money from the Saudi state. That source of fuel is gone.

To read the full article, click here.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication. No aspect of this advertisement has been approved by the highest court in any state.