Spirit Airlines, which filed for bankruptcy in November, has given investors a peek into its ongoing reorganization. As part of that process, it filed a financial update with the Securities and Exchange Commission that shows its equity is worth less than the compensation paid to its executives in 2023.

Justin Langer has been named the new coach of the London Spirit franchise in The Hundred. Langer replaces fellow Australian Trevor Bayliss, who left the role last month after a three-year stint. The Hundred is a competition where teams face off playing just 100 deliveries an innings.

"I'm thrilled to be appointed to this role with London Spirit, and I'm excited to experience The Hundred," Langer said. "I'm looking forward to being a part of the tournament late