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NWSL says it can’t make payouts following Voyager bankruptcy

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Yahoo Finance's Josh Schafer discusses how the bankruptcy at crypto firm Voyager may affect some National Women's Soccer League players' paychecks.

Video Transcript

- Crypto broker Voyager's bankruptcy is causing major ripple effects across the sports world. Josh Schafer is here with a little bit more detail. Apparently, now some paychecks might not go out.

JOSH SCHAFER: That's right, Brian. So Voyager Digital signed this big deal with the NWSL back in December. We actually talked to their CEO at the time, Steven Ehrlich.

I should mention in that interview, we never-- what's happening now with the players is they're probably not going to see any of this money, realistically. So Sportico is reporting that the NWSL actually sent that notice. Honestly, guys, that's how bankruptcy court works.

The NWSL players and the league are going to be creditors here, but there's only so much money to go around. I've had a sports lawyer told me. We've been following the story as well, maybe nickels on the dollar. It's going to be a very minimal amount from what it was supposed to be originally.

- Zero recourse.

JOSH SCHAFER: Zero recourse.

- I mean, that would be a mess, you know, if you see some of the higher ups at the league maybe keep their paychecks, but nothing goes down--

JOSH SCHAFER: Right. So--

- --that could be a messy situation.

JOSH SCHAFER: And that's part of the reporting too is that one of the checks was cleared in the beginning, that they did get some money on the front end. So now the question is, is that money about-- what to do because part of this was they were player-funded accounts. They were going to go directly to the players-- so a little bit different than some of how some of the other sponsorships work. And so those accounts just never had the money. So the NWSL will have to do some sorting out with the money it does have and maybe find a way to make right on that.

- A messy situation for sure. Yahoo Finance's Josh Schafer. Thanks so much. Let's take a look at--