ABI 2013 Annual Spring Meeting: Sports Team Bankruptcies Interview

    April 2013

    While attending the American Bankruptcy Institute's 2013 Annual Spring Meeting, Phoenix restructuring and insolvency partner Thomas J. Salerno was interviewed about the significant distinctions between a professional sports team bankruptcy in the US and a more typical restructuring matter. After touching on a number of important differences – including the widespread and popular entertainment nature of the process and the effect that the egos of various individuals can have – Tom wraps up the discussion with a prediction of which sports leagues will most likely be dealing with a number of upcoming bankruptcies and the reasons why.

    This interview has been posted with permission of the American Bankruptcy Institute.