+Frank B. Subscriber² Posted June 27, 2011 Subscriber² Share Posted June 27, 2011 LA Dodgers baseball team files for bankruptcy The Los Angeles Dodgers baseball club has filed for bankruptcy in a Delaware court, blaming Major League Baseball for not approving a television deal that could have kept the team secure. Bankruptcy permits the Dodgers to use $150m (?94m) for daily operations and gives the team time to to seek a media deal, the club said in a statement. The statement added that the team would not be disrupted by its financial woes. But reports indicated the Dodgers could have trouble meeting its next payroll. "There will be no disruption to the Dodgers day-to-day business, the baseball team, or to the Dodger fans," team owner Frank McCourt said in a statement. Mr McCourt has reportedly been struggling to meet payroll, having been heavily in debt and locked in a divorce battle with his estranged wife. Baseball Commissioner Bud Selig said last week that he would not approve a Dodgers television deal with the Fox television network that was reportedly worth $3bn (?1.8bn), saying it would not be in the best interests of the team, the game and fans. The contract included a $385m upfront payment Mr McCourt has said is crucial to the team's financial stability. And not striking a deal has left Mr McCourt facing the prospect of missing the team payroll on 30 June, which could lead to a Major League Baseball takeover. "We brought the commissioner a media rights deal that would have solved the cash flow challenge I presented to him a year ago," Mr McCourt said. "He's turned his back on the Dodgers, treated us differently, and forced us to the point we find ourselves in today," Mr McCourt added, referring to Mr Selig. The Dodgers began seeing "cash flow difficulties" last year due to a decline in attendance at the games, according to the bankruptcy filing. The documents list debts to current and former players, including retired star Manny Ramirez, who is owed more than $20m. Source: BBC News Link to comment https://www.neowin.net/forum/topic/1008176-baseball-la-dodgers-baseball-team-files-for-bankruptcy/ Share on other sites More sharing options...
Anibal P Posted July 4, 2011 Share Posted July 4, 2011 Meh, baseball, another boring sport that I could live without Link to comment https://www.neowin.net/forum/topic/1008176-baseball-la-dodgers-baseball-team-files-for-bankruptcy/#findComment-594128696 Share on other sites More sharing options...
Mean Mr Mustard Posted July 17, 2011 Share Posted July 17, 2011 Should have stayed in Brooklyn. :p Link to comment https://www.neowin.net/forum/topic/1008176-baseball-la-dodgers-baseball-team-files-for-bankruptcy/#findComment-594167190 Share on other sites More sharing options...
Growled Member Posted July 17, 2011 Member Share Posted July 17, 2011 The Dodgers began seeing "cash flow difficulties" last year due to a decline in attendance at the games, according to the bankruptcy filing. That happens when you don't win games. Link to comment https://www.neowin.net/forum/topic/1008176-baseball-la-dodgers-baseball-team-files-for-bankruptcy/#findComment-594167328 Share on other sites More sharing options...
+Gary7 Subscriber² Posted July 17, 2011 Subscriber² Share Posted July 17, 2011 The Texas Rangers filled last year and they won the World Series. Link to comment https://www.neowin.net/forum/topic/1008176-baseball-la-dodgers-baseball-team-files-for-bankruptcy/#findComment-594167358 Share on other sites More sharing options...
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