USA Gymnastics
Getty Images

USA Gymnastics files for bankruptcy

2 Comments

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.”

OlympicTalk is on Apple News. Favorite us!

MORE: Olympic medalist no longer on USA Gymnastics suspended list

Nathan Chen defends world title, defeating Yuzuru Hanyu at World Championships

1 Comment

Nathan Chen is now the first U.S. man to win back-to-back World titles since Scott Hamilton did so four times, from 1981-1984. He defeated two-time world champion Yuzuru Hanyu of Japan in their first head-to-head competition since the PyeongChang Olympics on Saturday in Saitama, Japan.

Performing to “Land of All” by Woodkid, Chen landed four quadruple jumps and scored 216.02 points in the free skate, a new highest score in the world this season. His free skate, 323.02 points, was also the highest score in the world this season. The Yale University freshman extended his 10.59-point lead from the short program to 22.05 points to claim his second consecutive World gold medal. He heads back to class next week, after spending his spring break at this competition.

“It’s breathtaking to be in this arena. Thank you so much for being loud and carrying me through my program,” Chen told the Saitama crowd.

“I’m glad I was able to put out two strong skates both here and last year and I hope to be able to compete against Yuzuru further in the future,” Chen continued later in the press conference. “Every time Yuzu skates, he does something amazing and incredible and it’s just a huge honor to be able to skate with him, skate after him, especially knowing that how he sets the bar. It’s great to be able to follow that.”

Skating after Hanyu wasn’t an unfamiliar situation for Chen, he told reporters in a press conference following Thursday’s short program.

“It’s not my first time skating after him,” he said. “The raining of the Pooh bears is actually a pretty amazing sight to see. Knowing that fact, it’s something that I can prepare myself for — it’s not even something I have to prepare myself for. It’s an amazing thing. It’s amazing to see the fans love us, care for us and do all this to hypothetically make us happy. That’s such a great feeling.”

Two-time Olympic gold medalist Yuzuru Hanyu told reporters he was 100 percent, recovering from a lingering ankle injury, and he proved it. Skating at home, at the site of his first of two world titles, he was third after the short program but rallied to score 206.10 points in the free skate and 300.97 points overall. His Origin (“Art on Ice”) by Edvin Marton free skate earned him the silver medal. Afterward, his fans covered the ice with stuffed Pooh bears, as has become tradition for whenever Hanyu takes the ice.

“I was thinking about Plushenko when skating this program, because I am somehow lending it from him, and I feel that I have done what I could in this free program,” Hanyu said, referencing four-time Olympic medalist Yevgeny Plushenko of Russia. “But I lost, that is about it. To tell the truth, it is like death to me. I really want to win.

“When I was going through my rehabilitation, I watched the American Nationals where Nathan Chen was performing,” Hanyu continued. “I am a really competitive person, and I want to compete with a strong opponent. I respect Nathan in this sense. Now I will have enough time until the next season, and I will try not to get injured and do my best to get stronger.”

Vincent Zhou performed to the Crouching Tiger, Hidden Dragon soundtrack, skating first in the final flight of skaters. He was called for two under-rotations — on his quad toe and the triple flip in his triple Lutz, Euler, triple flip combination — to score a season’s best free skate (186.99) and a season’s best total score (281.16). Zhou had his best-ever World Championships finish, claiming the bronze medal.

“I had a good Nationals and Four Continents and used the momentum to build and build, and finally, I was able to put out two great performances in the same competition, here at Worlds,” Zhou said. “I really couldn’t be happier to do what I did here.”

The last time the U.S. put two men on a World Championship podium was 1996, when Todd Eldredge won gold and Rudy Galindo claimed the bronze in Edmonton, Canada.

The third U.S. man in the field, Jason Brown, fell from second after the short program to ninth overall with a 157.34 point free skate and a total overall score of 254.15 points. He skated to a Simon & Garfunkel medley.

For Brown, skating last and closing out the competition was a little less familiar from a logistics standpoint, he said in the post-short program press conference. Once he found out the draw, he texted coaches Brian Orser and Tracy Wilson to figure out how it would work — as he shares those coaches with Hanyu.

“I feel great, it is not the performance that I had wanted, but I am so proud of the fight that I put out there, the growth that I made this year,” Brown said. “Also I am so proud at my teammates. It feels amazing to perform here, I love the Japanese crowd, I love the feeling of performing out on that ice, especially in Japan.”

Full results are here.

Shoma Uno, January’s Four Continents gold medalist, likely buckled under the immense pressure of a home World Championships. He stepped out of both of his first two quad jumps in his program, both of which were called under-rotated. He managed 178.92 points in his Moonlight Sonata free skate for a total overall score of 270.32 points. His medal streak (silver 2017-18) snapped in Saitama and he finished in fourth place.

“I really admire Yuzuru Hanyu who always seeks for high scores and good results, which made me realize I am still immature,” Uno said. “Overall I am still disappointed in myself. I need to become mentally much stronger. I want to skate better next year so that when I look back this World in the future, this would be a good lesson for my skating career.”

MORE: How to watch the World Figure Skating Championships | Sui Wenjing, Han Cong recapture world pair titleAlina Zagitova wins first world title | Papadakis, Cizeron win fourth world title; Hubbell, Donohue land on podium

As a reminder, you can watch the world championships live and on-demand with the ‘Figure Skating Pass’ on NBC Sports Gold. Go to NBCsports.com/gold/figure-skating to sign up for access to every ISU Grand Prix and championship event, as well as domestic U.S. Figure Skating events throughout the season. NBC Sports Gold gives subscribers an unprecedented level of access on more platforms and devices than ever before.

OlympicTalk is on Apple News. Favorite us!

Papadakis, Cizeron win fourth world title; Hubbell, Donohue land on podium

Leave a comment

France’s Gabriella Papadakis and Guillaume Cizeron captured their fourth World Championship ice dance title on Saturday in Saitama, Japan.

Skating to selections from Rachael Yamagata, Papadakis and Cizeron scored a season’s best 134.23 points in the free skate for a total score of 222.65 points. They extended their short program lead over the field to 10.89 points. They now join six other ice dance teams in winning four World Championship titles; no team has one five, but one team has won six titles.

The last time the World Championships were held in Saitama, in 2014, Papadakis and Cizeron made their event debut and finished 13th. In the years to come, they went on to win three more titles: 2015, 2016, and 2018.

“We were exactly here five years ago for the World Championships in Saitama,” Papadakis recalled. “It’s funny to remember the whole experience we gained from those five years and where we were at that time, and where we are now. It’s incredible. We are just very, very proud of us.”

Viktoria Sinitsina and Nikita Katsalapov scored a season’s best 127.82 in their free dance for a total score of 211.76. They won their first World Championship medal, a silver, marking Russia’s first world ice dance medal since 2013. Their teammates, Alexandra Stepanova and Ivan Bukin finished fourth with 208.52 points.

Two-time U.S. champions Madison Hubbell and Zach Donohue scored a season’s best 127.31 in their “Romeo and Juliet” free dance which included all Level 4 elements. They notched a total score of 210.40 and the bronze medal. They won their first World medal, a silver, in 2018.

“We feel like we put our strongest performance this season here at Worlds, and that was our goal,” Hubbell said. “Our goal was to do our best performance and the rest we can’t control, that was really what we have achieved. Next season we would love to be competing for the top of the podium. We think that Team USA is incredibly strong in ice dance, so it keeps us on our toes. We would love to be the number one team heading into the Beijing Games [in 2022], and going to bring the gold home for Team USA — that is really the plan.”

Full results are here.

Canada’s Kaitlyn Weaver and Andrew Poje skated a tribute to their late friend and two-time world medalist Denis Ten of Kazakhstan.

Their free skate earned 122.78 points and all of their elements were called Level 4, except for Weaver’s twizzles, which earned a Level 2. They scored a total of 205.62 points and finished in fifth place. Notably, Weaver and Poje have been inside the Worlds top five for the past nine years, including a silver in 2014 and two bronzes (2015, 2018).

“When the tragedy struck, we knew our mission in this program was to do it for Denis,” Weaver told NBCSports.com/figure-skating earlier this season.

Americans Madison Chock and Evan Bates moved to Montreal for a new start this season and spent nearly 10 months away from competition before returning in January. The Four Continents gold medalists earned Level 3 on their one-foot step sequence and Level 4s on the rest of their elements in Saitama for a free skate score of 122.60 and an overall score of 204.92 points. They finished in sixth place.

“It feels so good that our best performance of the season happened here, on the World Championships,” Chock said afterwards. “Now we are going to go on with our next season, but firstly enjoy our vacation.”

“I think it is our favorite free dance that we have ever had, and it is really our tempo, especially the last piece of music. It is very audience-friendly,” Bates added, confirming it’s the last time they will compete the Elvis medley.

In what has been a personal storytelling vehicle for them this season, Kaitlin Hawayek and Jean-Luc Baker‘s free dance to The Irrespressibles earned 113.16 points for an overall score of 189.06. Their ninth place at the World Championships caps their best season ever. At last year’s Worlds, they finished 10th and then moved to Montreal for a new training environment.

“It was a really great Worlds experience for us,” Hawayek told media. “It’s always such a pleasure to be in Japan and just continue to put out memorable performances for everyone and I think we set out with a goal of doing just that, and we are very happy to feel like we did that. We feel like we put out two solid and emotionally connected, memorable performances.”

World ice dance champions title leader board:

6 titles: Lyudmila Pakhomova/ Alexandr Gorshkov (Soviet Union; 1970-74, 1976)

4 titles: Jean Westwood/ Lawrence Demmy (Great Britain, 1952-56); Eva Romanova/ Pavel Roman (Czech Republic, 1962-65); Diane Towler/ Bernard Ford (Great Britain, 1966-69); Jayne Torvill/ Christopher Dean (Great Britain, 1981-84); Natalia Bestemianova/ Andrei Bukin (Soviet Union, 1985-88); Oksana Grishuk/ Yevgeni Platov (Russia, 1994-97); Gabriella Papadakis/ Guillaume Cizeron (France, 2015-16, 2018-19)

MORE: How to watch the World Figure Skating Championships | Sui Wenjing, Han Cong recapture world pair title | Nathan Chen, Jason Brown in first and second after men’s short | Alina Zagitova wins first world title | Nathan Chen defends world title, defeating Yuzuru Hanyu at World Championships

As a reminder, you can watch the world championships live and on-demand with the ‘Figure Skating Pass’ on NBC Sports Gold. Go to NBCsports.com/gold/figure-skating to sign up for access to every ISU Grand Prix and championship event, as well as domestic U.S. Figure Skating events throughout the season. NBC Sports Gold gives subscribers an unprecedented level of access on more platforms and devices than ever before.

OlympicTalk is on Apple News. Favorite us!