Judge clears path for USA Cricket’s reset

USA Cricket is finally on the verge of exiting bankruptcy after a U.S. Bankruptcy Court approved a settlement with American Cricket Enterprises, ending years of infighting and legal conflict. The agreement reinstates the 2019 commercial partnership and unlocks more than $1.1 million in funding, including post‑petition financing, contributions toward claims and exit support, while ACE withdraws its $150 million claim. The ruling follows a prolonged dispute involving former chairman Venu Pisike and other officials, whose governance battles left USA Cricket financially crippled and unable to build on its 2024 T20 World Cup momentum.

The crisis deepened with the ICC’s 2025 suspension and a last‑minute Chapter 11 filing. Despite seven objections, Judge Michael E. Romero deemed the settlement reasonable. The decision arrives as private investment surges, highlighted by ACE’s new Los Angeles venue. Attention now shifts to the ICC, expected to oversee a transitional governance model aimed at delivering long‑awaited stability.