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USA Gymnastics files for bankruptcy

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USA Gymnastics is turning to bankruptcy in an attempt to ensure its survival.

The embattled organization filed a Chapter 11 bankruptcy petition on Wednesday in an effort to reach settlements in the dozens of sex-abuse lawsuits it faces and to avoid its potential demise at the hands of the U.S. Olympic Committee.

USA Gymnastics filed the petition in Indianapolis, where it is based. It faces 100 lawsuits representing over 350 athletes in various courts across the country who blame the group for failing to supervise Larry Nassar, a team doctor accused of molesting them. Nassar, 55, worked at USA Gymnastics and Michigan State University for decades. He is serving effective life sentences for child porn possession and molesting young women and girls under the guise of medical treatment.

Kathryn Carson, the recently elected chairwoman of USA Gymnastics’ board of directors, said the organization’s goal is to speed things up after mediation attempts failed to gain traction.

“Those discussions were not moving at any pace,” Carson said. “We as a board felt this was a critical imperative and decided to take this action.”

The filing does not affect the amount of money available to victims, which would come from previously purchased insurance coverage, she said. Carson said the insurance companies “are aware we’re taking this action and our expectation is they will come to the table and pay on our coverage.”

Carson added: “This is not a liquidation. This is a reorganization.”

John Manly, an attorney representing dozens of women who have pending lawsuits against USA Gymnastics, chastised the organization for continuing to “inflict unimaginable pain on survivors” and encouraged law enforcement officials to “redouble” their investigative efforts.

“Today’s bankruptcy filing by USA Gymnastics was the inevitable result of the inability of this organization to meet its core responsibility of protecting its athlete members from abuse,” Manly said in a statement. “The leadership of USA Gymnastics has proven itself to be both morally and financially bankrupt.”

USA Gymnastics insists that’s not the case, stressing that the filing is based on legal expediency, not fiscal distress.

While Carson acknowledged that sponsorship is down since the first women came forward against Nassar in the fall of 2016, she described the financial condition of USA Gymnastics as “stable.”

USA Gymnastics reported assets in a range of $50 million to $100 million and a similar range of liabilities, with 1,000 to 5,000 creditors. The organization said its largest unsecured creditor is former president and CEO Steve Penny, who is owed $339,999.96. USA Gymnastics is disputing Penny’s claim, though attorney Cathy Steege declined to get into the specific nature of the dispute.

Penny resigned under pressure from the USOC in March 2017. Two other presidents — Kerry Perry and former U.S. Rep. Mary Bono — have followed in what has become a revolving door amid the organization’s hierarchy.

It’s that chaos at the top that led the USOC to initiate the process of removing USA Gymnastics as the sport’s national governing body at the Olympic level — a step that’s taken only under the most extreme circumstances.

In an open letter to the gymnastics community in November, USOC CEO Sarah Hirshland said “you deserve better,” and that the challenges facing USA Gymnastics were more than it was capable of overcoming as currently constructed.

Carson said the legal maneuvering Wednesday delays the USOC’s efforts to strip its designation as a national governing body.

“We always have a dialogue going with them and intend to make it clear with them we have a lot to talk about and we want to keep that going,” she said.

USOC spokesman Patrick Sandusky said the committee is reviewing the filing’s potential effect on decertification. “Financial stability and viability are essential for a national governing body to operate in the best interests of the athletes,” Sandusky said.

USA Gymnastics believes bankruptcy protects it from having opportunities or assets taken away by a debtor. Carson acknowledged that being a national governing body “is a big part of how we raise our revenue.”

Carson, who replaced Karen Golz as chairwoman last week, said she accepted the position because she believes in the direction of USA Gymnastics, which she said doesn’t need money but rather time.

“We think we’re changing the dynamic and we certainly believe that we will try to remain the NGB,” Carson said. “To be clear, it is our lawyers’ firm belief that the bankruptcy will automatically stay (decertification) … and we will work with the USOC to regain credibility.”

Nicholas Georgakopoulos, a bankruptcy expert and law professor at the Indiana University’s Indianapolis campus, said USA Gymnastics is “hoping for a miracle” with its legal maneuvering.

“The USOC says you violated this relationship, here are the consequences and USA Gymnastics is saying it filed for bankruptcy, there are no consequences,” Georgakopoulos said. “This is like a gambling addict who goes to the casino and gambles every day and one day the casino says you can’t come anymore, you’ve lost too much, and addict says, I filed for bankruptcy, you can’t stop me from coming to the casino.”

If the USOC wants to go forward with decertification, it must now go to court.

USA Gymnastics has no timetable on how long the bankruptcy process will take and did not offer a ballpark on how much it expects to pay in settlements. Its doors, however, remain open for business.

“We are continuing to pursue all aspects of our current operating model,” Carson said. “This affords us an opportunity to reorganize as well as resolve the claims with the survivors.”

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Justin Gatlin, Noah Lyles headline U.S. roster for IAAF World Relays

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Justin Gatlin and Noah Lyles haven’t been in the same race since the 2016 Olympic Trials, but they could exchange a baton at the IAAF World Relays next month.

Gatlin, the reigning world 100m champion, and Lyles, undefeated at 200m outdoors in this Olympic cycle, headline the U.S. roster at World Relays in Yokohama, Japan, from May 11-12.

It’s the fourth edition of the meet that was held in the Bahamas in 2014, 2015 and 2017. Competition includes men’s and women’s 4x100m, 4x200m and 4x400m, a mixed-gender 4x400m (making its Olympic debut in 2020), a shuttle hurdle relay and a 2x2x400m.

The U.S. has topped the medal standings at every World Relays, most memorably beating a Usain Bolt-anchored Jamaican 4x100m in 2015.

This U.S. team also includes world 100m champion Tori Bowie, U.S. 100m champion Aleia Hobbs and Lyles’ younger brother, Josephus.

The full U.S. roster:

Devon Allen
Joanna Atkina
Olivia Baker
Jessica Beard
Chris Belcher
Jasmine Blocker
Tori Bowie
Donavan Brazier
Mikiah Brisco
Ce’Aira Brown
Dezerea Bryant
Cameron Burrell
Michael Cherry
Christina Clemons (Manning)
Shania Collins
Freddie Crittenden
Paul Dedewo
Ryan Fontenot
Justin Gatlin
Queen Harrison
Aleia Hobbs
Ashley Henderson
Je’Von Hutchinson
Kyra Jefferson
Fred Kerley
My’lik Kerley
Jordan Lavender
Josephus Lyles
Noah Lyles
Remontay McClain
Sharika Nelvis
Vernon Norwood
Courtney Okolo
Jenna Prandini
Bryce Robinson
Mike Rodgers
Jaide Stepter
Nathan Strother
Gabby Thomas
Brionna Thomas
Ameer Webb
Shakima Wimbley
Dontavius Wright
Isiah Young

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How to watch 2019 London Marathon

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The London Marathon airs live on NBCSN and streams commercial free for NBC Sports Gold “Track and Field Pass” subscribers on Sunday at 4 a.m. ET.

NBCSN coverage also streams on NBCSports.com/live and the NBC Sports app for subscribers.

Sunday’s race start times (ET)
4:05 – Elite Wheelchair Races
4:10 – World Para Athletics Marathon Championships Ambulant Athletes
4:25 – Elite Women’s Race
5:10 – Elite Men’s Race, Mass Race

The London Marathon is known for the deepest fields of all the annual major marathons. This year is no exception.

Kenyan Eliud Kipchoge will race his first 26.2-miler since shattering the world record by 78 seconds in Berlin on Sept. 16 (2:01:39).

Kipchoge, on a modern-era record win streak of nine elite marathons, won his last three London starts, including setting the course record of 2:03:05 in 2016. Another world record on Sunday is a monumental ask, given Berlin is traditionally a faster course than London.

Kipchoge’s competition includes Britain’s four-time Olympic track champion Mo Farah and fellow Kenyans and past London winners Daniel Wanjiru and Wilson Kipsang.

Yet another Kenyan, Mary Keitany, also eyes a fourth London title. The 5-foot-2 soft speaker bagged either the London or New York City Marathons seven of the last eight years, with the outlier being 2013, when she gave birth to her second child.

Keitany’s greatest feat came in London in 2017, when she won in 2:17:01, erasing Paula Radcliffe‘s world record in a women’s only race by 41 seconds.

But last year, Keitany went out at world-record pace and was passed by yet another Kenyan mom, Vivian Cheruiyot, in the 23rd mile in London. Cheruiyot, a four-time Olympic track medalist, returns to defend her title Sunday.

The top two U.S. runners are Molly Huddle, in her London debut, and Emily Sisson, in her marathon debut. Both are jockeying for position among the deepest group of American female marathoners in history with the Olympic Trials looming in 10 months.

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