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.
Mar 27, 2015, 9:39 AM EDT
But it probably doesn’t matter because a reinstated Rose would be pretty limited to begin with.
Mar 27, 2015, 9:14 AM EDT
And 15 MLB teams are now worth at least $1 billion, according to Forbes.
Mar 27, 2015, 8:42 AM EDT
Dave Righetti thinks it may have to do with weight training.
Mar 27, 2015, 7:47 AM EDT
Kudos to Epstein for a good answer. Kudos to Schilling for a couple of more probing questions.
Mar 26, 2015, 11:02 PM EDT
In a first-person essay for The Player’s Tribune, Red Sox slugger David Ortiz came out swinging against his critics.
Mar 26, 2015, 9:50 PM EDT
The Mets are keeping an eye on the Dodgers and Rockies as they look to replace Josh Edgin.
Mar 26, 2015, 9:10 PM EDT
Are they ready to contend?
Mar 26, 2015, 8:29 PM EDT
Robertson signed a four-year, $46 million deal with the White Sox over the winter to be their new closer.
Mar 26, 2015, 7:31 PM EDT
After failing to reach an agreement with the Astros last year, unsigned No. 1 overall pick Brady Aiken underwent Tommy John surgery.
Mar 26, 2015, 6:25 PM EDT
It will be Gallardo’s sixth straight Opening Day start and first as a member of the Rangers.
Mar 26, 2015, 5:32 PM EDT
Even after all of these years, baseball’s preeminent B.S. shoveler remains on top of his game.
Mar 26, 2015, 4:07 PM EDT
Which doesn’t mean that Citi Field has gotten less safe. It does mean, however, that the Mets will have a much harder job convincing people of that.
Mar 26, 2015, 3:45 PM EDT
Burton had a 4.36 ERA and 46/25 K/BB ratio in 64 innings for the Twins last season.
Mar 26, 2015, 3:25 PM EDT
Archer will be the first pitcher other than David Price or James Shields to start Opening Day for the Rays since 2007.
Mar 26, 2015, 2:51 PM EDT
The pitching is great and the offense should be better. But is better good enough?
Mar 26, 2015, 2:22 PM EDT
“I’ve had enough of St. Louis.”
Mar 26, 2015, 1:30 PM EDT
The Rays and Marlins have some challenges a lot of teams don’t.
Mar 26, 2015, 12:55 PM EDT
We shouldn’t forget about the 28- and 29-year-olds getting sent down, too.
Mar 26, 2015, 12:33 PM EDT
Baseball America, MLB.com, and Baseball Prospectus all ranked Lindor as a top-10 overall prospect this year.
Mar 26, 2015, 11:50 AM EDT
Buck was trying to win a job with the Braves on a minor-league contract.
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- Unsigned 2014 No. 1 overall pick Brady Aiken undergoes Tommy John surgery 46
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- Cardinals add “OT” patch for Oscar Taveras 76
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- MLB is looking into some strange gambling tweets involving Marlins pitcher Jarred Cosart 47
- College baseball player cut after making offensive tweet about Mo’ne Davis (115)
- Ex-Cardinals outfielder Curt Ford was assaulted in St. Louis and told to “go back to Ferguson” (115)
- Mo’ne Davis says college ballplayer who wrote an offensive tweet about her deserves a second chance (88)
- Cardinals add “OT” patch for Oscar Taveras (76)
- Andrew McCutchen cut his hair for the first time in eight years (75)