Houston Principal John Sparacino was quoted in Reuters' article "LIV Golf’s Last-Ditch Financing Plan Collapses, Leaving Scant Assets in Wind-Down." This article discusses the collapse of LIV Golf’s last-ditch financing deal with BC Partners, which leaves the league winding down with few assets and players free to move elsewhere. Joh describes the financing effort as a “Hail Mary,” and that creditors can expect only tiny recoveries, and that the case could move quickly into a Chapter 7 liquidation.
The full article can be found here.
