Jun 28, 2011, 4:30 PM EST
The initial hearing in the Dodgers’ bankruptcy took place this afternoon. Just adjourned in fact. The biggest takeaway: Major League Baseball has, for the time being at least, agreed to let Frank McCourt run the team with this interim financing deal.
That agreement seems like the only option at the moment, inasmuch as the judge would not rule on Major League Baseball’s alternative financing plan today, probably because he just saw the thing for the first time this morning. There will be a hearing on July 20th, however, in which MLB’s financing plan is scrutinized.
So for now, nothing changes in Dodgers land. Frank controls the team — though MLB still has oversight via the controller it installed a couple of months ago — and all operations are continuing to run up Frank McCourt’s debt.
Dig in folks. This is gonna be protracted.
- Blue Jays sign Dayan Viciedo to a minor league deal 8
- Chris Sale will be sidelined for three weeks with foot fracture 11
- Aramis Ramirez says 2015 will be his last year 32
- Francisco Rodriguez re-signs with the Brewers 9
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended 299
- Pirates open to massive extension for Andrew McCutchen 18
- Report: Josh Hamilton had a relapse this offseason that “involved at least cocaine” 86
- Yankees don’t plan on having to pay A-Rod’s $30 million in home run milestone bonuses 51
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended (299)
- San Francisco — and all of California — will consider a smokeless tobacco ban that includes MLB parks (131)
- Report: The Yankees were “fuming” at how A-Rod handled his early arrival to spring training (114)
- Cuban prospect Yoan Moncada reportedly signs with the Red Sox for $31.5 million, plus $31.5 million in penalties (106)
- Brian Sabean says that California taxes are a hindrance to the Giants signing free agents (102)