Bankruptcy Scenarios & Parameters
Gross Liquidatable Assets
$18,000,000
Total tangible and intangible asset realization pool.
Secured Debt (Class 1)
$5,000,000
Senior secured lenders with liens against broadcasting / sponsorship assets.
Administrative & Legal Carve-out
$1,200,000
Trustee, legal counsel, and forensic restructuring fees (Class 2).
Total Unsecured Claims Pool
$45,000,000
Player bonuses, vendor contracts, agency fees, and ambassador pacts.
Rick Shiels Ambassador Claim
$1,400,000
Reported ambassador contract claim amount under review.
Liquidation Waterfall & Claim Recovery Proof
General Unsecured Class 4
Rick Shiels Expected Payout
$366,311.11
From $1.4M original claim
Effective Recovery Rate
26.17%
26.17 cents on the dollar
Net Recoverable Pool (Class 4)
$11,800,000
Available for unsecured creditors
Total Unsecured Haircut
73.83%
Loss: $1,033,688.89 on claim
Asset Realization Waterfall (USD Millions)
Live D3.js Render
| Priority Tier / Creditor | Class | Claim Balance | Funded Payout | Recovery |
|---|