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Settlement Between Dodgers and Fox Smooths Way For Sale

Found January 11, 2012 on The Biz of Baseball: Yardbarker Blogger Network
PLAYERS: Frank McCourt,  Magic Johnson,  Mark Cuban,  Joe Torre
TEAMS: Los Angeles Dodgers,  Dallas Mavericks

The legal dispute between FOX Sports and the Dodgers over media rights has been settled in a Delaware bankruptcy court. The Dodgers had been looking to put the media rights for the Dodgers up for sale ahead of the expiration of the current agreement the LA club has with FOX. That contract has FOX having the rights to bid first as early as Nov. of this year, and does not allow for other broadcasters to negotiate for those rights until early 2013. Dodgers owner Frank McCourt argued that by adding in the media rights now as part of the sale of the club, more money would be secured for creditors as part of the sale, set to occur before April. “The agreement with Fox clears the path for the Dodgers to sell the team on schedule and to maximize the value of the debtors’ estate,” said Sid Levinson, and attorney for the Dodgers to bankruptcy judge, Kevin Gross. The case had large implications to the broadcast industry. Ostensibly, a ruling in the Dodgers’ favor would set a precedence by wh...
Original Story: http://bizofbaseball.com/index.php?op... Verified_ybn
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