Youth Sports Company Tipped Into Bankruptcy by Pandemic

Legacy Global Sports LP filed to liquidate its national youth sports business on Monday in bankruptcy court in Massachusetts, according to court documents.

• The coronavirus pandemic forced the company to cancel almost all live sporting events, which caused a “catastrophic decline” in revenue, according to a statement filed Monday
  • A U.S. Department of Justice probe into alleged illegal visa activities by co. employees also hurt business
• Co. consented Monday to the entry of a Chapter 7 liquidation order after creditors filed an involuntary petition to force the company into bankruptcy last month
• Co., headquartered in Boston, organizes youth soccer, ...