Reorganizations

If a company is struggling to remain viable or profitable, reorganizations are one potential course of action. Reorganizations are an alternative to bankruptcy proceedings and involve revisiting items listed on the balance sheet. Assets are typically marked down to a value more in line with current market variables. Liabilities are adjusted comparably, and negotiations with creditors take place to restructure equity as needed. Reorganizations are most often seen with sports-based businesses but also occur with teams and even leagues. Our team at Park Lane can help sports industry clients stay afloat with our reorganization advisory.