Over objections from Major League Baseball, U.S. Bankruptcy Court Judge Kevin Gross approved the sale of the Los Angeles Dodgers, Dodger Stadium and other assets to Guggenheim Baseball Management for $2.15 billion. The objections to the sale rose from inconsistencies between the sales agreement and MLB rules, according to MLB attorney Thomas Lauria, who added that […]
Tag Archives | kevin gross
Dodgers sale expected to be approved Friday
Absent any major opposition from MLB and Fox Sports — save some minor requests for clarification — the sale of the Los Angeles Dodgers and Dodger Stadium should be approved on Friday. U.S. Bankruptcy Judge Kevin Gross is scheduled to review the final disposition of the sale of the team, the ballpark and associated assets […]
McCourt looted $189 million from Dodgers: MLB
Frank McCourt has raided Los Angeles Dodgers and Dodger Stadium financial coffers improperly to the tune of $189.16 million, according to MLB attorneys, in anticipation of bankruptcy-court proceedings next week. The battle lines are emerging in the Delaware bankruptcy proceedings: MLB attorneys say McCourt isn’t fit to run and own the team; Fox opposes McCourt’s […]
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 […]
Bankruptcy court denies Dodgers document request — for now
Delaware bankruptcy Judge Kevin Gross denied a request by Los Angeles Dodgers attorneys to have Major League Baseball produce a wide-ranging set of documents designed to show Bud Selig treated Frank McCourt differently than other MLB owners. Not a complete surprise. The Los Angeles Dodgers are seeing bankruptcy protection and have arranged $150 million in […]