Something else I just thought of. Why would an investor looking to invest in track and field go to GST instead of another start up track league?
Let’s assume a new league has no assets or liabilities and compare it to GST:
Liabilities:
Millions owed to athletes and unpaid stadium fees.
Edit: Adding requirement for athletes to double at meets to liability list.
Assets:
GST has no ties to historically relevant meets. With their new meets: no desire to go back to Kingston, they still haven’t paid Miami so I doubt they want them back. Not sure that evidence of running a meet in Philly that probably lost money could be seen as an asset either.
MJ has ruined his rep and his publicity is no longer an asset.
It seems like all athletes were signed to one-year contracts so no athlete commitments.
May or may not have an ongoing CW TV deal.
if I were an investor I’d be looking to start from scratch.