*Major League Baseball makes push for Dodger sale

The league says that Frank McCourt's plan to hold onto the team is "dead on arrival" and asked a federal bankruptcy judge to bypass his reorganization efforts by ordering the sale of the Dodgers. The idea, it seems, is to accelerate the process so that the franchise can "emerge quickly from bankruptcy under new ownership and with the financial stability necessary to adequately prepare for the 2012 baseball season and beyond." Since he's still the team's titular owner, McCourt would no doubt prefer to delay the proceedings for as long as possible. From the LAT:

The Dodgers asked the court last week to authorize an auction of the team's television rights, the key to McCourt's strategy to emerge from the bankruptcy proceedings as owner. In their filing, the Dodgers said they would try to work with Commissioner Bud Selig but would ask the court to approve a television rights sale even if he would not. "The only path to emergence is through a sale of the Dodgers," the MLB filing reads. McCourt has argued that Commissioner Bud Selig forced the Dodgers into bankruptcy by rejecting a proposed broadcast contract with Fox Sports. In Friday's filing, the league argued that the Dodgers are McCourt's sole significant source of income and that some revenues from any television deal would be diverted toward his personal expenses as well as to his obligations to his ex-wife Jamie, rather than be invested in upgrades to the team and to Dodger Stadium. "The sale proposed in the media rights motion -- the centerpiece of the [Dodgers'] sole reorganization strategy -- is dead on arrival," the filing read.

A hearing is set Oct. 12.

*Here's the MLB motion, via LA Weekly.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
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