Overview
- Court filings list $0–$50,000 in assets, $10–$50 million in liabilities, and 200–999 creditors.
- Signatories include founder Michael Johnson, COO Steve Gera and attorney J. Rudy Freeman, and the case is assigned to Chief Judge Karen B. Owens.
- The inaugural season saw the Los Angeles finale canceled, Philadelphia shortened, and poor attendance in Kingston, undermining revenues.
- Athletes were paid only half their winnings in October and several vendors rejected offers to settle at 50% of total invoices.
- GST says it is finalizing debtor-in-possession funding as chief restructuring officer Nicholas Rubin engages investors and the league signals plans to return once obligations are resolved.