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.
Jun 30, 2015, 12:23 AM EDT
We often take intentional walks for granted. Four tosses to the catcher. How hard can it be? Pretty hard, at least sometimes.
Jun 29, 2015, 11:45 PM EDT
Hamilton now has 40 stolen bases on the year, which is more than 15 MLB teams. You are reading that correctly.
Jun 29, 2015, 9:58 PM EDT
You’ve probably heard this advice for hitting knuckleballers before: If it’s low, let it go. If it’s high, let it fly. Well, Red Sox third baseman Pablo Sandoval took that to the extreme tonight against R.A. Dickey of the Blue Jays…
Jun 29, 2015, 9:09 PM EDT
Of course that happened.
Jun 29, 2015, 9:00 PM EDT
Brewers outfielder Khris Davis needed surgery about a month ago for a torn meniscus in his right knee.
Jun 29, 2015, 8:09 PM EDT
It was reported over the weekend that the Dodgers and Cubs were among the teams with interest in a trade for Mets left-hander Jon Niese.
Jun 29, 2015, 7:28 PM EDT
Ramirez has been cleared to swing a bat and Red Sox manager John Farrell is optimistic that he’ll be able to return during the team’s four-game series in Toronto this week.
Jun 29, 2015, 7:01 PM EDT
Moore had Tommy John surgery last April.
Jun 29, 2015, 6:14 PM EDT
Casilla has mostly played at the Triple-A level for the past two seasons.
Jun 29, 2015, 5:40 PM EDT
Cron hit well at Triple-A, batting .323 with six homers and a 1.014 OPS.
Jun 29, 2015, 5:30 PM EDT
It’ll only cost you a cool $3.8 million.
Jun 29, 2015, 5:03 PM EDT
More bad health news for a guy who has had his fair share of it in his brief career.
Jun 29, 2015, 4:35 PM EDT
As of now, Ruben Amaro is in control here, in the White House. Er, I mean in the Phillies’ front office.
Jun 29, 2015, 3:50 PM EDT
Six of the eight spots seem all but settled.
Jun 29, 2015, 3:40 PM EDT
By this time next week we may have an actually acceptable All-Star squad for the Junior Circuit.
Jun 29, 2015, 3:30 PM EDT
I know which one I’d choose, but then again I’m biased on the subject.
Jun 29, 2015, 3:22 PM EDT
Alejandro De Aza is starting in his place.
Jun 29, 2015, 2:39 PM EDT
He will become President, overseeing baseball and business operations, at the end of the season.
Jun 29, 2015, 1:21 PM EDT
Billingsley has missed six weeks.
Jun 29, 2015, 12:30 PM EDT
It wasn’t just the Giants who signed on to the amicus brief.
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- Andy MacPhail introduced by the Phillies. And the first topic of conversation is sabermetrics 17
- What a world: Orioles are in first place and Ubaldo Jimenez has been their ace 16
- Settling the Scores: Sunday’s results 99
- Steven Matz stellar on the mound — and at the plate — in his major league debut for the Mets 19
- The 2015 Gillette Home Run Derby will have a new format 32
- Meet the Matz! The Mets call up Steven Matz to make his MLB debut 11
- Settling the Scores: Saturday’s results 23
- With the same-sex marriage decision, the San Francisco Giants get another big win (275)
- Joe Maddon is the latest manager to rip instant replay. He’s got a point. (108)
- Settling the Scores: Sunday’s results (99)
- And That Happened: Monday’s scores and highlights (79)
- And That Happened: Wednesday’s scores and highlights (75)