Play Fantasy The Most Award Winning Fantasy game with real time scoring, top expert analysis, custom settings, and more. Play Now
  • My Scores
  • MLB
  • Golf
  • NFL
  • NCAA FB
  • Tennis

Dodgers, MLB agree to bankruptcy plan

CBSSports.com wire reports
  •  

DOVER, Del. -- The Los Angeles Dodgers and Major League Baseball have agreed on a bankruptcy financing plan for the team.

A court filing Friday in Delaware outlines a plan for the league to provide unsecured financing of up to $150 million for the Dodgers

Last month, a judge rejected the Dodgers' financing arrangement with a hedge fund and ordered the club to negotiate with the league, which had offered better loan terms.

The Dodgers had argued that the league's loan offer was simply an attempt by baseball commissioner Bud Selig to take control of the team and force a sale.

The Dodgers sought bankruptcy protection in June after Selig refused to approve a multibillion-dollar TV deal with Fox Sports that Dodgers owner Frank McCourt was counting on to keep the franchise afloat.

Copyright 2014 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.
  •  
 
 

Biggest Stories

CBSSports Facebook Google Plus
COMMENTS
Conversation powered by Livefyre
 

Latest

Most Popular

CBSSports.com Shop

David Price Detroit Tigers Majestic Replica Player Baseball Jersey

MLB Pennant Chase Gear
Get your favorite team
Shop Now