Overview
- Amended Chapter 11 documents filed in Delaware list between $10 million and $50 million in unsecured liabilities owed to 200–999 creditors, with assets now estimated at $1,000,001 to $10 million.
- The top unsecured creditor is Momentum‑CHP Partnership for television production at about $3.036 million, followed by technology partner PMY at roughly $1.268 million, with other media and production firms also owed six figures.
- High‑profile athletes appear on the top‑20 list with six‑figure claims, including Sydney McLaughlin‑Levrone (more than $350,000), Gabby Thomas ($249,375), Kenny Bednarek ($225,000), Josh Kerr ($218,750), Marileidy Paulino ($211,875), and Alison dos Santos and Melissa Jefferson‑Wooden ($190,625 each).
- Revised ownership disclosures show Winners Alliance holds 100% of the league’s preferred shares, with equity security holders listed as Winners Alliance, Michael Johnson, president and COO Steve Gera, and investor Robert Smith.
- GST says it intends to use Chapter 11 to reorganize after its inaugural season stalled with weak attendance, a withdrawn backer, a canceled Los Angeles meet, partial athlete payments in October, and rejected vendor settlement offers.