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 18, 2014, 11:15 PM EDT
Rizzo won the award in recognition of his community work with pediatric cancer patients.
Sep 18, 2014, 10:57 PM EDT
That’s right: for the 2,559th time, Barry Bonds is gonna walk.
Sep 18, 2014, 10:11 PM EDT
We learned late last week that Wally Backman will join the Mets coaching staff on Friday to finish out the season. Now there’s a chance that he could remain in the major leagues to begin 2015.
Sep 18, 2014, 9:15 PM EDT
After snapping an 0-for-28 hitless streak last night, Derek Jeter homered at Yankee Stadium tonight for the first time all season.
Sep 18, 2014, 8:58 PM EDT
Stanton suffered facial fractures and dental damage when he was hit in the face by a fastball last Thursday.
Sep 18, 2014, 8:27 PM EDT
It’s possible Zimmerman could be activated from the disabled list as soon as this weekend.
Sep 18, 2014, 8:00 PM EDT
Ramirez has missed back-to-back starts with an elbow strain.
Sep 18, 2014, 7:20 PM EDT
Josh Hamilton rejoined the Angels’ lineup Tuesday after sitting out 10 games with a right shoulder injury, but he missed last night’s game and is out of the lineup again tonight with more shoulder problems.
Sep 18, 2014, 7:10 PM EDT
Hudson made it back to the majors this month for the first time since June 26, 2012.
Sep 18, 2014, 7:02 PM EDT
Marlins ace Jose Fernandez is still a long way from pitching in the majors again, but he’s very close to picking up a baseball for the first time since his Tommy John surgery on May 16.
Sep 18, 2014, 6:31 PM EDT
Arenado has taken a strong step forward during his sophomore season in the majors, batting .287/.328/.500 with 18 home runs and 61 RBI over 111 games.
Sep 18, 2014, 6:08 PM EDT
“Good news, but not as good as it could have been.”
Sep 18, 2014, 5:38 PM EDT
Khalil Greene was a first round pick compared to Cal Ripken. Then he was a decent and at times excellent Major League shortstop. Then he disappeared.
Sep 18, 2014, 5:03 PM EDT
When you’re mocked by the auto-complete function, you’re pretty much mocked by everything.
Sep 18, 2014, 4:46 PM EDT
Wade LeBlanc is taking his place, but don’t worry.
Sep 18, 2014, 4:16 PM EDT
Perez had a sub-2.00 ERA before recent problems.
Sep 18, 2014, 4:02 PM EDT
It’s like it’s happening in slow motion and every A’s fan is yelling “nnnnnoooooooo!”
Sep 18, 2014, 3:45 PM EDT
Pedro Florimon is not a starting-caliber shortstop because he can’t hit, but his defense is good enough to make him a decent utility man at age 27.
Sep 18, 2014, 3:30 PM EDT
In pinstripes no less.
Sep 18, 2014, 3:15 PM EDT
The only thing more painful than hitting rock bottom is thinking you’ve hit it, only to find out there’s still more room to sink.
- It certainly looks like Barry Bonds’ criminal conviction is going to be overturned 18
- VIDEO: Derek Jeter hits first home run at Yankee Stadium this season 5
- Ron Washington claims he resigned because he cheated on his wife 86
- No, baseball does not need to “announce a domestic violence policy ASAP” 52
- And That Happened: Wednesday’s scores and highlights 48
- Video: Rusney Castillo notches his first major league hit 7
- Michael Wacha cleared to return Saturday vs. Reds 2
- Marlins officially shut down Giancarlo Stanton for the season 6
- Chris Davis suspended 25 games for amphetamine use (92)
- Giancarlo Stanton diagnosed with multiple facial fractures and dental damage (91)
- Bud Selig can’t remember the last domestic violence incident in Major League Baseball (90)
- Ron Washington claims he resigned because he cheated on his wife (86)
- A couple of initial thoughts on the Chris Davis suspension (83)