The Los Angeles Dodgers and Fox Sports late Tuesday settled their legal feud over the sale of the bankrupt team’s broadcast rights after the 2013 season. The Dodgers agreed to abide by their current contract with Fox and won’t attempt to auction future rights before Fox’s exclusive negotiating period ends November 30. In exchange, Fox agreed to drop litigation against the Dodgers. The settlement removes uncertainty and will allow the Dodgers to be sold by April 30 under a deal owner Frank McCourt previously reached with Major League Baseball. Initial bids are due January 23. Potential buyers include Joe Torre, LA area developer Rick Caruso, Orel Hershiser, Magic Johnson, Steve Garvey, Peter O’Malley, Fred Claire, Andy Dolich, Steve Cohen of the hedge fund SAC Capital Advisors, Stan Kasten, Guggenheim Partners CEO Mark Walter, Larry King, Jason Reese of Imperial Capital and the family of the late Roy E. Disney.
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This article was printed from http://www.deadline.com/2012/01/dodgers-fox-sports-settle-sports-rights-feud-clearing-path-for-team-sale/