Scout’s most valuable assets are its contracts with the publishers who operate those team sites and its analysts that track recruits. The “vast majority” of Scout’s contracts will be assumed by 247, a person familiar with the matter told TheStreet.
Of the few contracts that aren’t immediately assigned to 247, most will be renegotiated, according to the source, who declined to be named because 247 and Scout have not yet finalized which contracts will be assigned. Any publisher contracts that remain with Scout’s bankruptcy estate could be sold at a later date.
Scout’s websites will operate on the debtor’s web platform for six months as they get transferred over to 247, the debtor said in court.