Apr 13, 2012, 9:51 PM EDT
Bill Shaikin of the Los Angeles Times reports that the sale of the Dodgers to Guggenheim Baseball Partners was approved this evening in a U.S. Bankruptcy Court in Delaware.
Frank McCourt agreed late last month to sell the Dodgers to a group led by Magic Johnson for a record price of $2.15 billion. The team has operated under court oversight since McCourt filed for bankruptcy last June, but judge Kevin Gross gave his blessing to the reorganization plan.
One of the biggest hurdles was resolved this morning when FOX Sports agreed to withdraw their objection to the sale. FOX, who currently has the team’s television rights, wanted proof that Time Warner Cable was not involved in the new ownership group. The Dodgers’ television contract expires after 2013 and both FOX and Time Warner Cable, among others, are expected to bid. However, FOX received assurances that no deal was in place.
MLB attorney Thomas Lauria also objected by saying that they wanted more information and time to review the deal because a number of the sale’s conditions appeared to be “inconsistent” with MLB rules. However, Gross ultimately sided with the Dodgers’ plan to exit bankruptcy.
Dodgers’ attorney Bruce Bennett told Shaikin following the hearing that he doesn’t think there’s “any realistic possibility” the sale won’t close by the target date of April 30.
Sep 1, 2015, 12:51 AM EDT
Ruggiano will provide some depth with Yasiel Puig and Enrique Hernandez on the disabled list.
Sep 1, 2015, 12:37 AM EDT
The Giants made a last-minute deal before the waiver trade deadline expired, picking up outfielder Alejandro De Aza from the Red Sox.
Aug 31, 2015, 11:35 PM EDT
Miller could use a little bit of luck these days.
Aug 31, 2015, 10:12 PM EDT
Olt was designated for assignment after the Cubs acquired Austin Jackson from the Mariners.
Aug 31, 2015, 10:00 PM EDT
Enrique Hernandez has begun to take away playing time from the struggling Joc Pederson in recent days, but now the Dodgers will have to make due without him for a while.
Aug 31, 2015, 9:43 PM EDT
Gomes, 34, is batting .221/.325/.364 with seven home runs and 22 RBI over 83 games this season.
Aug 31, 2015, 8:45 PM EDT
CC Sabathia was shut down earlier this month due to an arthritic condition in his right knee.
Aug 31, 2015, 7:53 PM EDT
Kiermaier makes a leaping catch to rob Manny Machado of a home run.
Aug 31, 2015, 7:04 PM EDT
Marco Gonzales is expected to start in his place Tuesday.
Aug 31, 2015, 7:00 PM EDT
De Aza is batting .292 with 18 extra-base hits (including four home runs), 25 RBI, and an .831 OPS in 60 games since joining the Red Sox in June.
Aug 31, 2015, 6:21 PM EDT
Jackson, an impending free agent, is batting .272/.312/.387 with eight home runs, 38 RBI, and 15 stolen bases over 107 games this season.
Aug 31, 2015, 6:05 PM EDT
The Astros will have their young phenom back at shortstop tonight against the Mariners.
Aug 31, 2015, 5:04 PM EDT
Color me dubious.
Aug 31, 2015, 4:25 PM EDT
He hasn’t played since last Wednesday and now will miss at least the next three games.
Aug 31, 2015, 4:00 PM EDT
He was on the hot seat back in June. What a difference a couple of months make.
Aug 31, 2015, 3:51 PM EDT
Aug 31, 2015, 3:40 PM EDT
Ramirez has a nagging shoulder injury.
Aug 31, 2015, 3:10 PM EDT
Actually, the fastest wiener is boring. You want to see the wiener which runs free.
Aug 31, 2015, 1:13 PM EDT
And Buck Showalter is uniquely unimpressed with Fenway Parks dimensions.
Aug 31, 2015, 12:28 PM EDT
Thats one way to do it. Not a way likely to bring success, but certainly one way to do it.
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- Jake Arrieta no-hits the Dodgers with 12 strikeouts 32
- Blue Jays will name Mark Shapiro as the new team president 31
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- Dan Patrick: When does ESPN cut ties with Curt Schilling? (201)
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