Overview

• USA Cricket filed under Chapter 11 (Subchapter V) minutes before a scheduled Colorado preliminary‑injunction hearing with American Cricket Enterprises, triggering an automatic stay.
• ACE condemned the timing and said USAC was dodging an adverse ruling, claiming it had offered to keep payments flowing if USAC accepted a temporary injunction.
• USAC’s CEO said the filing aims to address inequitable legacy contracts, repair finances and pursue governance reforms with an eye to Los Angeles 2028.
• Initial bankruptcy schedules show modest assets and just over $500,000 in unsecured claims, with current player deals listed as executory through December 31, 2025 under court oversight that could delay or reshape payments.
• The ICC has suspended USAC and is temporarily managing national‑team administration, while ICC and the USOPC have urged board resignations as the next steps shift to the bankruptcy court.