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.
Jul 24, 2014, 11:19 PM EDT
The Yankees are reportedly considering a reunion with right-hander Ian Kennedy.
Jul 24, 2014, 11:18 PM EDT
Jonathan Papelbon was booed by Phillies fans this afternoon, but it didn’t bother him. In fact, he says bring it on.
Jul 24, 2014, 10:20 PM EDT
Chad Qualls quietly owns a 1.78 ERA this season. The Astros are reluctant to deal him.
Jul 24, 2014, 9:25 PM EDT
Astros left-hander Dallas Keuchel tossed a baseball to a heckler during today’s game against the Athletics. And the ball contained a clever message.
Jul 24, 2014, 8:30 PM EDT
When the Astros failed to agree to terms with No. 1 overall pick Brady Aiken earlier this month, many speculated that the next step would be a grievance against the team from the MLBPA. That’s exactly what has happened.
Jul 24, 2014, 7:35 PM EDT
The Mariners brought back Kendrys Morales in a deal with the Twins today, but they aren’t done attempting to upgrade.
Jul 24, 2014, 7:09 PM EDT
The Phillies appear ready to move on from Ryan Howard.
Jul 24, 2014, 6:31 PM EDT
Yankees general manager Brian Cashman continues to stay busy.
Jul 24, 2014, 6:13 PM EDT
Zach Putnam has had a share of the closer role with the White Sox in recent weeks, but now he’s headed to the 15-day disabled list due to right shoulder inflammation.
Jul 24, 2014, 5:47 PM EDT
Before the injury Correa was having an excellent season, hitting .325 with 20 steals in 62 games at high Single-A as a 19-year-old.
Jul 24, 2014, 5:32 PM EDT
It’s been bad in Philly. Is it starting to get ugly?
Jul 24, 2014, 5:10 PM EDT
Yankees ace Masahiro Tanaka is supposed to rest for six weeks before doctors determine if he needs Tommy John elbow surgery, but 10 days into the process things aren’t going well.
Jul 24, 2014, 4:49 PM EDT
Jul 24, 2014, 4:20 PM EDT
Frank Thomas is headed to the Hall of Fame thanks to his legendary batting eye.
Jul 24, 2014, 3:45 PM EDT
Everyone has a gift. This is my gift. I shall now share it with you.
Jul 24, 2014, 3:30 PM EDT
According to K-HOU television in Houston the 46-year-old Knoblauch has been charged with assault of a family member, Cheri Knoblauch, whom he divorced in 2012.
Jul 24, 2014, 2:51 PM EDT
Kendrys Morales had a good first week for the Twins after sitting out the first two months of the season and then signing a one-year, $7.5 million deal in June, but he’s been horrendous since then while hitting .209 with one homer and a .524 OPS in 33 games.
Jul 24, 2014, 2:49 PM EDT
Well, it was fun while it lasted.
Jul 24, 2014, 2:44 PM EDT
Dan Haren finished last season strong for the Nationals, signed a one-year, $10 million deal with the Dodgers this offseason, and got off to a nice start in Los Angeles.
Jul 24, 2014, 2:00 PM EDT
And it provides us with an opportunity to think about what it means to be a Hall of Fame manager.
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- The eyes have it: Thomas’ greatness built on patience 11
- Expert’s Corner: How to troll fans of all 30 teams 182
- Mariners re-acquire Kendrys Morales from Twins for Stephen Pryor 21
- A’s designate $10 million reliever Jim Johnson for assignment 34
- Everything you need to know about next week’s trade deadline 35
- Impending free agent Jon Lester won’t talk contract with the Red Sox until after the season 19
- Ten years ago today the Alex Rodriguez-Jason Varitek brawl changed the narrative of the Sox-Yankees rivalry 87
- Expert’s Corner: How to troll fans of all 30 teams (182)
- Verducci: baseball should think about an “illegal defense” rule to combat shifts (162)
- Yankees acquire Chase Headley from Padres (108)
- Who is the next Face of Baseball? (97)
- David Ortiz passes Carl Yastrzemski on the all-time home run list — is he a Hall of Famer? (92)