
Start with a filing. A sanctioning body’s paperwork, the kind filed in an off-season when nobody outside a small accounting office is reading closely. It describes a restructuring. The language is careful, procedural, built for a skimmer rather than a reader. Years later, the organization it describes collapses into a merger that catches the bowling press by surprise, except the surprise is only on the surface. The paperwork had been sitting there the entire time, waiting.
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What’s Inside