Overview

• USA Cricket became the first known ICC member to seek bankruptcy protection, filing minutes before a scheduled hearing in its dispute with American Cricket Enterprises.
• Bankruptcy schedules show limited assets such as cash and receivables and list unsecured claims totaling just over $500,000.
• Current player contracts now fall under Chapter 11 oversight, which could delay or alter payments subject to court approval.
• USAC says the decades-long ACE agreement was inequitable and tied to undisclosed conflicts of interest, while ACE argues the termination had no basis and was politically motivated.
• The ICC has suspended USAC and, along with the USOPC, urged board resignations, and reports say ACE offered to continue payments if a temporary injunction were accepted but USAC declined.