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September 27, 2011

Dodgers fight MLB request for control of team

"The Los Angeles Dodgers fought back against Major League Baseball's attempt to wrest control of the bankrupt baseball team from Frank McCourt, asking a federal court to delay considering the league's requests to sell the team and throw out its lawyers.

The team, which filed for bankruptcy in June, wants to move forward with its own plans to hold an auction of its broadcast rights next month. The auction is expected to help refinance the team and allow McCourt to hold onto it after bankruptcy.

MLB has disputed the team's need for bankruptcy and questioned McCourt's personal interests and spending. The league filed documents with the court last week asking to present its own plan for the team, most likely a quick sale."

Read more here.

September 27, 2011 in Current Affairs | Permalink

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