Found October 25, 2011 on
Pro Sports Daily:
Los Angeles Dodgers season ticket holders were collectively given two seats on the team's creditors committee on Tuesday.
The U.S. trustee for Delaware's bankruptcy court agreed to select two representatives of the season ticket holders to the Dodgers' committee of unsecured creditors.
The move is being made so that the season ticket holders could have an official voice in the bankruptcy.
On Monday, attorneys for Commissioner Bud Selig reiterated accusations that Dodgers owner Frank McCourt secured more than $180 million in revenue from the club for personal and business obligations that had nothing to do with baseball.
Frank McCourt had retained ownership of the Dodgers after reaching a $130-million divorce settlement with wife Jamie.
In exchange for the large cash amount, Jamie had agreed to relinquish any claim to ownership of the franchise.
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Frank McCourt((ht: latimes.com))And by "Looted", they meant he took hundreds of millions of dollars out of the team.Major League Baseball says as a part of their ongoing court battle with Dodgers owner Frank McCourt that he took over $189 million out of the team to use for personal issues.They also claim he's broken at least 10 Major League Baseball rules while owning...
The one-month postponement of the bankruptcy trial will allow McCourt and Major League Baseball to explore a possible settlement in which he sells the team, several people familiar with situation say.The Dodgers' bankruptcy trial has been postponed for one month so Dodgers owner Frank McCourt and Major League Baseball can explore a possible settlement under which McCourt would...
Major League Baseball claims that Los Angeles Dodgers owner Frank McCourt took nearly $190 million from the team in what a court filing termed "looting."
Dear Mr. Selig,
I’m going to come right out and say it: I’m an Astros fan and have been more my entire life.
I know that is not that considerable. After all, I began watching baseball fervently in the early 1980s when I was finally able to understand the sport. I grew up an Astros fan because my father was an Astros fan from the very beginning.
In fact, he began...
Stay classy, Frank McCourt. Lawyers for the owner of the Los Angeles Dodgers are blaming Bryan Stow for getting beat up at a Dodgers game. All I can say is wow. This is a new low … even for Frank McCourt.
It’s no mistake that Major League Baseball is trying to take the Dodgers away from Frank McCourt. They don’t think he’s fit to run an MLB team. I can’t help but agree...
Major League Baseball accused Frank McCourt of looting the Dodgers of $190 million.
In filings in a Delaware court, MLB said McCourt took $189.16 from the club — $73 million in parking lot revenue through a separate company, $61.16 to pay personal debts, and $55 million for personal distributions, the Los Angeles Times reported, citing documents.
“The Dodgers are in bankruptcy...
As the bankrupcty case moves forward, a slew of court filings on Monday show that beating victim Bryan Stow will be central to the arguments and outcome in court.For the first time, Major League Baseball put a specific number on the amount it alleges Dodgers owner Frank McCourt took out of the team -- $189.16 million -- and described the distributions as "looting."
An attorney representing the Dodgers and their owner, Frank McCourt, suggested Thursday that Giants fan Bryan Stow might bear some responsibility for the devastating attack that left him with serious brain damage. "One...
The Los Angeles Dodgers are lowering pricing for 96 percent of the seats owned by season-ticket holders in 2012.
The team said Monday it will add new benefits for season-ticket holders in seven different sections of the stadium. It says more than 35,000 seats will be available for $20 or less per game for season-ticket holders.
The team, beset by financial problems and a bitter...
Maybe a ''For Sale'' sign should be erected outside Dodger Stadium.
Team, ballpark, land and television rights available. Price: $1 billion and up.
The process of finding a new owner for the Los Angeles Dodgers began early Wednesday when current boss Frank McCourt and Major League Baseball released a joint statement saying they had agreed to a court-supervised sale...
Commissioner Bud Selig tells a Dallas radio station baseball plans to expand its use of replay, but he says reviewing every close call would hurt the game. Umpire Ron Kulpa blew a call at first base during St. Louis' 16-7 victory at Texas in Game 3 of the World Series on Saturday night, kickstarting the replay debate once again.
The Dodgers bankruptcy trial has been delayed, tweets Bill Shaikin of the L.A. Times. The trial initially had been scheduled for October 31st through November 4th, but for unknown reasons it has been moved to November 29th through December 2nd. Baseball's Winter Meetings take place from December 5-8, so as Shaikin notes, there's no way current owner Frank McCourt could...
There is just one major issue remaining before the Major League Baseball owners and the players union agree to a new Collective Bargaining Agreement, and that issue is draft bonuses, according to Ronald Blum of the Associated Press. Bud Selig has been pushing for a hard slotting system, and has said that the issue is “really critical” to him. However, the players union is...