Overview
- Public filings list assets under $50,000, liabilities between $10 million and $50 million, and 200–999 creditors.
- Athletes received roughly half of their prize and appearance money in October, and several vendors rejected an offer to take 50% of total invoices.
- The petition was filed in Delaware and signed by Michael Johnson, COO Steve Gera, and attorney J. Rudy Freeman, with the case assigned to Chief Judge Karen B. Owens.
- GST says it is finalizing debtor-in-possession funding and plans to use court-supervised reorganization to address debts and stabilize operations.
- The inaugural season struggled with sparse crowds in Kingston, a shortened Philadelphia meet, a canceled Los Angeles finale, and subsequent staff cuts.