With No TV Deal, Dodgers File Chapter 11

With no resolution in sight over a lucrative Fox Sports TV deal that would give owner Frank McCourt the cash influx he needs to continue operating the Los Angeles Dodgers, the team filed for Chapter 11 bankruptcy Monday. The move allows the team to use $150 million for daily operations and gives the franchise some time to find a new TV deal; Major League Baseball commissioner Bud Selig rejected the proposed long-term deal with Fox last week, saying “the transaction is structured to facilitate the further diversion of Dodgers assets for the personal needs of Mr. McCourt.” Baseball had already taken control of the team in April. Said McCourt — who faces a costly divorce that could force the sale of the team, skyrocketing payroll obligations, declining attendance and a commissioner that is sick of it all — in a statement Monday: Read More »

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Dodgers Owner Frank McCourt Says Baseball Is Blocking Team’s TV Deal

The war of words between Major League Baseball and Los Angeles Dodgers owner Frank McCourt escalated today when McCourt said during an interview on CNBC that commissioner Bud Selig was ducking his calls and suggested that the league was purposefully … Read More »

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