In a bankruptcy-court filing, Major League Baseball has asked the Delaware judge overseeing matters to force Frank McCourt to sell the Los Angeles Dodgers and related assets — or else MLB will seize the team post-bankruptcy. “Mr. McCourt cannot hide the Dodgers in bankruptcy forever,” the filing read. The Los Angeles Times reported on the […]
Tag Archives | dodger stadium
Weirdness bubbles to surface in Dodgers bankruptcy
A lawyer representing five Los Angeles Dodgers season-ticket holders — including the Frank Sinatra estate — is asking a Delaware bankruptcy court to force the team to pay for her representation of fans in the court proceedings. The Sinatra heirs control eight primo season tickets at Dodger Stadium. Bankruptcy attorney Robbin L. Itkin is asking […]
Dodgers attendance woes could cost team $27 million
A bad season for the Los Angeles Dodgers gets worse, as a significant drop in attendance could end up costing the team some $27 million in decreased game-day revenues — or even more. The Dodgers have experienced a significant drop in attendance this season to 36,706 a game, some 16 percent this season versus the […]
Angels facing labor woes — but not on the field
The Los Angeles Angels of Anaheim are in negotiations with their Angel Stadium hourly game-day employees over hourly wages, and there’s a chance the workers could go on strike before the end of the season. A three-year contract between the Angels and the Service Employees International Union (SEIU) expired earlier this year, but the two […]
Judge: Dodgers must accept MLB loan
A Delaware bankruptcy judge held that the Los Angeles Dodgers owner Frank McCourt must negotiate with MLB over the terms of a loan, citing the more favorable terms of the deal. McCourt had arranged $150 million in Debtor-in-Possession (DIP) financing from a JP Morgan hedge fund, Highbridge Capital, under some pretty onerous terms — 10+% interest, […]
Two new suspects arrested in Dodger Stadium beating
Police have arrested two new suspects connected to the beating of San Francisco Giants fan Bryan Stow in the parking lot of Dodger Stadium, while also concluding a previously arrested suspect was not involved. Giovanni Ramirez, who has been held by the Los Angeles Police Department on a parole violation unrelated to the beating, has […]
MLB: McCourt not acting in best interests of Dodgers
Frank McCourt is pushing for bankruptcy court to approve an onerous hedge-fund financing plan instead of a lower-interest loan from Major League Baseball because he’d personally be on the hook for fees, according to papers filed yesterday. The battle between McCourt and Major league Baseball is getting intense and nasty, as the pair are fighting […]
No, Virginia, no new Dodger Stadium on the horizon
Though some outlets are reporting Major League Baseball looking at a new downtown ballpark for the Los Angeles Dodgers should the franchise be seized, the truth is far more pedestrian — and no, there’s no replacement ballpark on the horizon. SportsByBrooks reported that two sources had reported Major League Baseball had approached facilities giant AEG […]
Dodgers: Selig was unfair toward team ownership
In a signal that Frank McCourt’s lawyers are planning on playing hardball during bankruptcy proceedings, they’re asking Major League Baseball to hand over a raft of documents about how Commissioner Bud Selig has treated other teams during troubled financial times — information MLB lawyers will surely fight to keep private. McCourt’s attorneys are obviously attempting […]
McCourt files for bankruptcy on Dodgers, Dodger Stadium
Frank McCourt has filed for Chapter 11 bankruptcy protection this morning for the Los Angeles Dodgers, Dodger Stadium and three related holding companies in an attempt to keep control of the team in the face of a potential takeover from Major League Baseball. Chapter 11 bankruptcy provides corporations protection as they attempt to restructure their […]
McCourts reach tentative divorce agreement, allowing Frank to keep Dodgers — maybe
Frank and Jamie McCourt reached a tentative divorce agreement that would potentially allow Frank to retain control of the Los Angeles Dodgers, but with one huge condition: in order to fund a settlement, MLB Commissioner Bud Selig must approve a controversial long-term sale of TV broadcast rights to Fox Sports. The settlement, announced this morning, […]
Stow family files suit against McCourt, Dodgers
This was inevitable: the family of Bryan Stow has filed suit against the Los Angeles Dodgers, Frank McCourt and several other Dodgers-related corporations over the beating of the San Francisco Giants fan in the Dodger Stadium parking lot on Opening Day. You can view the filing here. The lawsuit argues the Dodgers should have been […]
Stow beating suspect in custody
A suspect in the beating of San Francisco Giants fan Bryan Stow at Dodger Stadium was apprehended by the Los Angeles Police Department, as a Los Angeles Police Department SWAT team raided an East Hollywood apartment early this morning. The suspect, sporting a bald head and tattoos on his neck and arms, was taken into […]