WILMINGTON — A judge in Delaware has begun a hearing to determine whether to grant final approval to the Los Angeles Dodgers’ proposed $150 million bankruptcy financing plan.
Wednesday’s hearing began with the Dodgers’ official committee of unsecured creditors withdrawing its objection to the team’s proposed hedge fund financing after minor modifications were made to the loan agreement.
But Major League Baseball is still objecting to the plan and is pushing its own financing offer.
The Dodgers say the league’s offer is simply an attempt to take control of the team. A Dodger attorney told the judge Thursday that he will explain to the court why the team should not be forced to do “a deal with the devil.”