Who Pays When a Sports League Runs Out of Money?
From The California Sports Lawyer Podcast with Jeremy Evans · 00:19:04
Show by Bleav
In this episode of the California Sports Lawyer Podcast, host Jeremy Evans discusses who bears the loss when a professional sports league runs out of money. LIV Golf has announced plans to wind down operations while remaining open to alternatives. Its Chapter 11 case raises questions about what happens to the players, employees, vendors, and business partners who relied on the league’s promises. Jeremy explains why a signed contract does not guarantee payment and how secured claims, unsecured claims, and ongoing agreements may be treated differently in bankruptcy. The episode also considers why startup leagues struggle to compete with established organizations that already have audiences, media contracts, sponsors, and access to venues. The discussion looks at the different paths competing leagues have taken, including combinations involving the AFL, ABA, WHA, XFL, and USFL. LIV Golf’s challenge also put pressure on the PGA Tour as it increased purses and changed its schedule. A league may close without ending the competition it created, but building one that lasts requires enough revenue and investment to meet its obligations along the way. Season 8, Episode 44. Copyright 2026. California Sports Lawyer. All Rights Reserved. www.CSLlegal.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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