Quantcast
Don't Miss

Dodgers say bankruptcy case is on track

DOVER, Del. — The Los Angeles Dodgers say they are on track to exit bankruptcy as planned on April 30.

The franchise filed an amended reorganization plan Friday in a bankruptcy court in Delaware.

The revised plan is based on an agreement announced last week to sell the team for more than $2 billion, which the Dodgers say will allow for the payment of all allowed creditor claims in full.

The Dodgers are being bought by Guggenheim Baseball Management, a group that includes former Lakers star Magic Johnson and longtime baseball executive Stan Kasten.

The April 30 date is part of a settlement between the Dodgers and Major League Baseball and coincides with the deadline for current owner Frank McCourt to pay $131 million to his ex-wife, Jamie, as part of their divorce settlement.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

 
Scroll To Top