Dodgers file for bankruptcy
June 28, 2011, Tuesday
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Print Edition
Print Edition
THE Los Angeles Dodgers have filed for bankruptcy protection in a Delaware court.
Dodgers owner Frank McCourt cites Major League Baseball commissioner Bud Selig's interference with club operations and refusal to approve a Dodgers TV deal with Fox Sports as the cause for yesterday's bankruptcy filing. In a news release, the team says Chapter 11 bankruptcy protection will provide the Dodgers with a process to address its immediate financing requirements and obtain the capital necessary to ensure the baseball franchise's long-term financial stability.
Dodgers owner Frank McCourt cites Major League Baseball commissioner Bud Selig's interference with club operations and refusal to approve a Dodgers TV deal with Fox Sports as the cause for yesterday's bankruptcy filing. In a news release, the team says Chapter 11 bankruptcy protection will provide the Dodgers with a process to address its immediate financing requirements and obtain the capital necessary to ensure the baseball franchise's long-term financial stability.
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