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MLB asks judge to order Dodgers sale

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Auggie Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-24-11 12:11 PM
Original message
MLB asks judge to order Dodgers sale
AP / 9-24-2011

DOVER, Del. -- Attorneys for Major League Baseball asked a Delaware bankruptcy judge on Friday to clear the way for a sale of the Los Angeles Dodgers, saying team owner Frank McCourt is driving the team to destruction.

Attorneys for the league argued in a court filing that McCourt is using the team's Chapter 11 case to try to resolve his own personal financial problems. They said he has methodically stripped the team of its revenue sources and is now seeking to auction off the team's television rights without league approval, which could lead to its expulsion from the league and leave it in economic ruin.

LINK: http://espn.go.com/los-angeles/mlb/story/_/id/7009750/mlb-asks-judge-order-los-angeles-dodgers-sale

Dodgers response: "It is another step in the commissioner's continuing effort to cause the sale of the Dodgers notwithstanding that the Dodgers can and will be successfully reorganized as outlined in the recently filed media rights marketing motion. In United States bankruptcy reorganization cases, liquidation is the last resort, not the first option."
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Iggo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-24-11 01:58 PM
Response to Original message
1. What a fucking mess.
Edited on Sat Sep-24-11 02:00 PM by Iggo
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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-24-11 02:02 PM
Response to Original message
2. Not an expert in bankruptcy, but 'sale' is not liquidation;
seems to me its a form of reorganization.
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madinmaryland Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-24-11 04:21 PM
Response to Original message
3. Dela--WHERE???
:wtf:

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Jack Rabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-24-11 06:35 PM
Response to Reply #3
5. Delaware. You know, Md/Md, the state with all the friendly banking laws . . .
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madinmaryland Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-24-11 06:53 PM
Response to Reply #5
6. Hey! No "gloat free" baseball scores? I suppose with the Frisco Ginats not doing
so well, you have kind of given up?

:hi:

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Jack Rabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-24-11 10:04 PM
Response to Reply #6
7. I've been busy with the Spanish Game . . .
Doing my damnedest to get them done tonight.
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KamaAina Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-24-11 06:23 PM
Response to Original message
4. One step closer to Dodger Dog?
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