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, […]
Tag Archives | los angeles dodgers
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 […]
The Week That Was: July 17
Unpaid bills, potential MLB realignment and the unveiling of the world’s most expensive hot dog made headlines this week. We unveil the most popular stories on Ballpark Digest from the past week, as measured by page views. Unpaid players revolt in Lake County: 9 traded, 14 released Astros to AL West: Report Rox to sell […]
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 […]
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 […]
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 […]
Selig: No to proposed Fox/Dodgers TV deal
In a blow to the proposed divorce settlement between Frank and Jamie McCourt that could have cleared up the tangled finances of the Los Angeles Dodgers, MLB Commissioner Bud Selig has rejected a Fox loan against broadcast rights to Dodgers game — the proceeds of which would settle Jamie’s claims and help the team make […]
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 […]
Stow out of coma; will be moved closer to home
Bryan Stow, the San Francisco Giants fan assaulted in the Dodger Stadium parking lot after the season opener, is now out of a coma and is able to minimally respond with eye and limb movements; he’s being moved to a San Francisco hospital tomorrow. Stow was beaten by two Los Angeles Dodgers fans after the […]