Skip to content

Dodgers’ sale approved in U.S. Bankruptcy Court

Apr 13, 2012, 9:51 PM EDT

Los_Angeles_Dodgers_Logo

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.

Latest Posts
  1. Curt Schilling dishes on Ruben Amaro. As usual, cognitive dissonance reigns.

    May 29, 2015, 4:33 PM EDT

    schilling press

    Schilling says Amaro lacks self awareness, is elitist and has not been successful as a manager.

  2. Scott Feldman undergoes knee surgery, out six weeks

    May 29, 2015, 3:30 PM EDT

    Scott Feldman AP

    Feldman is in the second season of a three-year, $30 million deal.

  3. Phillies designate for assignment Grady Sizemore

    May 29, 2015, 2:31 PM EDT

    Grady Sizemore Getty Images

    Sizemore hit just .250 with three homers and a .657 OPS in 99 games for the Phillies.

  4. Hey, Dan Uggla is good at something!

    May 29, 2015, 2:08 PM EDT

    Uggla Hugs Getty Images

    Hint: he was doing it with the Braves too.

  5. Chipper Jones will fight you if you insult his “girl”

    May 29, 2015, 12:52 PM EDT

    Chipper Jones AP

    43-years-old in years, 16 in temperament.

  6. Cody Asche is back with the Phillies, as a left fielder

    May 29, 2015, 12:16 PM EDT

    cody asche getty Getty Images

    Asche spent about three weeks in the minors.

  7. Andrew McCutchen is doing just fine now, thank you

    May 29, 2015, 11:50 AM EDT

    Pittsburgh Pirates v Cincinnati Reds Getty Images

    You can breathe now, Pirates fans. He’s back.

  8. A’s outfielder Coco Crisp likely out until after All-Star break

    May 29, 2015, 11:19 AM EDT

    coco crisp getty Getty Images

    Crisp is making $11 million this season and is owed $11 million next year.

  9. Corey Kluber has been incredible lately

    May 29, 2015, 10:30 AM EDT

    corey kluber getty Getty Images

    Kluber is 3-0 with 50 strikeouts and two walks in his last 32 innings.

  10. The schedule: if it ain’t broke, don’t fix it

    May 29, 2015, 9:01 AM EDT

    150529_BaseballField Getty Images

    The latest radical suggestion from the baseball commentariat is like all of the others: it’s a solution in search of a problem.

  11. And That Happened: Thursday’s scores and highlights

    May 29, 2015, 7:13 AM EDT

    Corey Kluber Getty Images

    Corey Kulber’s last four starts: 3-0 with 50 strikeouts and two walks in 32 innings. Yowza.

  12. Eduardo Rodriguez dazzles in major league debut

    May 28, 2015, 11:39 PM EDT

    ARLINGTON, TX - MAY 28:  Eduardo Rodriguez #52 of the Boston Red Sox throws against the Texas Rangers in the first inning at Globe Life Park in Arlington on May 28, 2015 in Arlington, Texas.  (Photo by Ronald Martinez/Getty Images) Getty Images

    Red Sox prospect left-hander Eduardo Rodriguez tossed 7 2/3 scoreless innings in his major league debut against the Rangers on Thursday.

  13. Rockies prospect David Dahl requires surgery on spleen after outfield collision

    May 28, 2015, 10:51 PM EDT

    rockies logo

    Rockies prospect David Dahl suffered a “massive laceration” in his spleen following an outfield collision Thursday and required season-ending surgery.

Top 10 MLB Player Searches
  1. J. Hamilton (3817)
  2. D. Wright (3131)
  3. J. Cueto (2982)
  4. J. Lucroy (2952)
  5. R. Castillo (2919)
  1. Y. Puig (2886)
  2. A. Garcia (2859)
  3. M. Adams (2663)
  4. A. Pujols (2479)
  5. P. Fielder (2451)