this is a moot subject .. because of the chapter 11 .. please move on ...
without the chapter 11 the company is responsible for the legal written agreements between each other ( how the agreements are spelled out and agreed too by each other ).. I don't need to check with anyone
as far as the contracts with the sports venues and teams go, i suggest you call the judge and ask him about that as well. ask the trustee. ask the teams lawyers. ask a first year law student. prepaid expenses are not subject to collection under the bankruptcy laws. there must be proven damages. there must be a product exchanged. there must be an economic loss.