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Dodgers ownership battle enters court

Dodgers ownership battle enters court

Posted:
21 Jul 2011
Daily News
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The hearing will determine whether the Dodgers' US$150 million bankruptcy financing plan will be approved. The session began with the team’s official committee of unsecured creditors rescinding its objection to the Dodgers' proposed hedge-fund financing plan after the club made alterations to a drafted loan agreement.

Major League Baseball (MLB), which has made its own financing offer, maintained its objection to the plan, but Dodgers owner Frank McCourt has claimed that the League is trying to seize control of the team. An attorney representing the Dodgers told the judge that further details would be revealed as to why the franchise wants to avoid doing “a deal with the devil”.

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