why is there a methotrexate shortage wellbutrin drug wiki medicine called evista indocin in labor and delivery buy calan online craigslist belfast maine plavix tablets purchase on line is cleocin legal in uk ranitidine dosage calculator effexor xr cost canadian where to find children;s benadryl frye boots online promo code buy avodart online in usa med cab brand amoxil what are the side effects of bactrim forte cheap cymbalta generic low cost zestril buy generic diclofenac gel online ampicillin without a script needed cod elavil reviews sleep iui and clomid success rates abilify dosage for bipolar how to import buspar phenergan online pharmacies with out prescription buy z pak online where can i get deltasone pills plendil 5 mg tablet toradol uses medrol without prescriptions buy cheap diamox aricept sales 2008 mobic in the uk now can you buy lexapro over the counter how much does asacol hd cost generic zyvox 600 mg antibiotics can i order endep no prescription in the usa buy zaditor in ireland what does compazine do buy diflucan tablets us promethazine supplier in uk med cab casodex cheap genuine tadalis sx online rhinocort reviews where can i get zyloprim pills order actos online without rx meclizine western australia ciprobay wiki trental overnight delivery order pravachol 80 mg what is nexium generic avapro canadian pharmacy order wellbutrin sr online no prescription legal buy clozaril online canada over counter mentax free coupon for requip decadron canada abana no prescription canada generic for lipitor side effects aldactone mg tablet cialis jelly bonus pills famvir buy uk which uk site to buy lamisil arimidex overnight buy silagra online reviews gonorrhea treatment in pregnancy emedicine isoptin online bestellen nizagara brand positioning anxiety in children signs order fincar uk vasodilan max dose safe buy zithromax online buy terramycin for dogs how to use keftab is it safe to order kamagra gold buy erection packs 2 tablets canada there lexapro generic available what does carafate look like tretinoin cream reviews acne orlistat usage uses of tadalafil tablets nizoral brand positioning buying kamagra in london what can fucidin h cream be used for viagra billed and shipped from u.s. trental coupons canada otc buy lamisil pfizer pharmaceuticals stock can you take mirapex daily generic tofranil usa pharmacy buy brand levitra super active cost of viagra plus without insurance buyers of viagra sublingual canada clarithromycin dose for tonsillitis speman tablets himalaya how to buy nymphomax in london buy mentats megaton slimming tablets uk adios i want to pay some elavil buy alesse canada pharmacy online trusted canadian online pharmacies what is minocycline hcl prednisone 20mg dosage instructions what are natural water pills sinemet drugs online purchases buy nizoral uk florida haldol buy zebeta online canada what is prinivil 20 mg dapoxetine tablet sale rumalaya prescription coupon sales cheap kamagra pills generic penegra uk paypal buy rhinocort visa what does a zithromax pill look like cost of generic valtrex at walmart percentage of people who gain weight on depakote cheap viagra uk org lady era coupon code where to buy ralista in canada safely lipitor sales 2008 liquid provera review cipro antibiotic sinus infection avodart dose for hair loss periactin tablets on line to buy alavert forum online cheap prescription online pharmacy reviews viagra floxin rxlist nymphomax paypal prednisone treatment dosage where can i purchase crestor cheap endep sale uk mobic tablets meloxicam bupron sr uses medication colospa no rx viagra super active medicine children aciphex without prescription canada canada pill store colchicine tablets 40mg buy lariam singapore betnovate scalp application price cephalexin buy mexico medrol steroid side effects himalaya lukol tablets review will propecia generic available us glycomet coupons apo doxycycline 100mg side effects furosemide lasix drug class dose of ivermectin for chickens mobic in croatia cheap voveran sr 100 mg midamor online usa no prescription fungsi obat voltaren sr 75 mg how to use penegra 50 order hytrin medication by mail pariet otc australia paxil now does baclofen cause weight gain can you get kamagra oral jelly over the counter buy brahmi online no prescription us buy diabecon without rx reliable online pharmacy india adderall and ambien erowid generic viramune in usa clavamox 500 pilula biaxin to buy in england doxycycline online forum cozaar pills side effects does antabuse come as generic order robaxin usa fucidin 20 mg g cream tretinoin 0,025 shop net what is the best blood pressure medication ortho tri-cyclen generic recall flats to buy liverpool street hoodia side effects long term use mexican pharmacy online hcg fast coreg delivery buy anafranil overseas buy hydrea online india duetact australia pharmacy buy generic norvasc protonix shopping buy prazosin boots pharmacy buy us abilify online prescription drugs mexico where frumil eldepryl where can i buy it where to lotensin buy zofran 40 sildenafil citrate 100mg price cabana drugs atrial fibrillation unisom sleep tablets pregnancy ponstel tablets price buy nitrofurantoin hong kong reviews on finast united healthcare prescription solutions prior authorization form cheapest precose where can you buy acai berry optimum glucotrol xl overnight delivery buy levothroid uk tofranil order on web generic pulmicort respules discontinued cheapest elimite tablets uk clomid false negative ovulation predictor how to properly use benzaclin phenergan delivery fedex pravachol usual dosage nootropil online meds e 401 adderall effects legal to buy evista cialis sublingual prices usa buy tretinoin in canada tulasi in the uk too much synthroid side effects lisinopril overdose side effects missed lexapro dose dizzy buy grifulvin v with no rx non prescription buy aciphex where to buy xenical in singapore generic for plavix 2011 generic flagyl er switzerland clavamox for cats without rx list of tesco stores selling bystolic abilify in usa robaxin and alcohol side effects mifepristone and misoprostol medical termination of pregnancy buying prescription drugs in cancun mexico levitra super active results forum pharmacy rx 1 coupon can buy viagra over counter canadian pharmacy rip off wellbutrin anxiety ocd colchicine over counter singapore we heart it is a medrol dose pack safe in pregnancy most reliable place to buy atarax online online cefadroxil india dilantin drugs for sale order amitriptyline online pharmacy tretinoin cream 0.05 buy online lipothin without prescription miami colchicine discount coupon arthritis where to buy cozaar with amex zyban drug oversea buy generic abana drugs what are the side effects of methotrexate non generic buy atorlip online listaflex carisoprodol 350 mg para que sirve buy brand lotrisone metformin best place to buy strattera in india actoplus met online without prescription order actos 1 diabetes pharmacy buy actos online usa propecia satan eczaneler testosterone replacement therapy for men uk generic cialis soft uk paypal cheap inderal india haldol decanoate package insert buy antivert lowest price como comprar female viagra monthly cost of propecia buy hong kong benadryl allergy what is finast drugs where to buy penicillin g benzathine low price diltiazem uk pyridium online australia lisinopril overnight shipping cheap discount code for omnicef what is albuterol sulfate used for in children daruharidra online pharmacy viagra uk prescription diarex drugstore himalaya rx betnovate free shipping what is tetracycline drugs the chepest arimidex tadacip buy australia alli slimming pills reviews buy viagra same day delivery discount canadian pharmacy cytoxan best generic zyban review companies that sell viagra without a prescription amitriptyline 100 mg for dogs celexa and alcohol best over the counter anxiety medication uk caverta online cheap online pharmacy india phentermine best drugstore liquid makeup for oily skin order trazodone from uk without prescription bystolic without prescription canada propranolol hcl manufacturer india average pharmacy salary ireland free vigraga samples from canadian phramcy canada pharmacies online that sell finpecia buy carafate discount generic lasix pill inderal la 120 mg side effects non generic pyridium lisinopril dose for renal protection how long does it take for doxycycline to kill chlamydia zoloft uk online buy cefadroxil us how to taper prednisone in asthma get zyban las vegas buying acai in bulk cheap no rx diflucan online is evista a prescription drug furosemide online canada where to buy levothyroxine discount best way to get high on pain pills helena indian alliance montana generic form of tamoxifen buy ciprofloxacin hydrochloride online legitimate online pharmacies in india what is ibuprofen 400 mg used for provera 10mg side effects how to take medrol mg methotrexate injection discontinued clomid from canada pharmacy buy aldactone perth australia buy female cialis online with no prescription diclofenac gel drugs for sale ordering professional sildenafil viagra soft propranolol prices cvs dosis aciclovir para varicela reminyl prix en pharmacie en france snovitra super power new zealand ciprobay 500 tablete common side effects of hytrin can you order deltasone my canadian drug store zestoretic woldwide shipping what is imuran for rumalaya price india how to buy malegra dxt buy cheap vpxl buy levothroid 20 owerseas viraga sustiva next day research grade prandin nolvadex pills no prescription diflucan online from usa buying albendazole from canada no prescription canada prescriptions cheap how long does it take for revia to work acheter colchicine maximum daily dose of luvox methotrexate tablets usp non prescription viagra women bystolic 5 mg weight gain 12v lithium ion car battery for sale torsemide australia pharmacy non persciption colchicine buy tricor from canada eurax online cheap benfotiamine medicine online kamagra gold 100mg dosage can youtube buy cialis jelly in ireland online pill store nizoral ships from india rogaine 5 italiano valtrex dosage herpes zoster ks pharmacy online thailand where can i buy keppra in canada best price kamagra uk feldene discount no prescription vytorin sales 2012 malegra dxt pas cher buy online bentyl generic dutas discount medications xenical availability uk list of tesco stores selling colchicine should i buy viagra over the counter canada mps viagra lawsuit buy malegra fxt pills over the counter flagyl tablets atorlip-20 canadian pharmacy where can i buy non drowsy benadryl alesse prix en pharmacie en france cheap alli weight loss uk can you buy acivir pills pharmacy plendil 10 mg cost side effects of drinking alcohol while on flagyl kamagra gold medicine online glucotrol xl in the uk insulin resistance diet plan ampicillin side effects alcohol order generic calan pilex for sale australia sominex over counter adalat generic for antabuse maxaman in croatia omnicef pharmacy coupons xeloda doctors online legal buy toprol xl online canada retin-a cream boots januvia tablets diabetes comprar mevacor en argentina cialis online pricing in canada how to buy diakof order cheapest viagra full form rx doctor;s prescription imuran over counter torsemide tablets 10 mg non prescription rumalaya gel pharmacy is there a generic for bactroban ointment does finpecia really work doxycycline hyclate- antibiotic side effects baclofen online overnight recommended dosage of doxycycline for urinary tract infection abilify overnight buy keflex 50 levlen mist canada where do i buy erythromycin canadian chinese alliance churches association ccaca acronym advair copd coupon protonix medication on line where purchase sominex side effects of fincar 5mg buy xenical 120mg hard capsules buy amitriptyline in the uk zofran price without insurance what are ranitidine pills for can you only get danazol on prescription where to buy aldactone online mexico differin 40mg nitroglycerin explosive video buy snovitra super power mg online buy generic accutane with bonus side effects of taking aygestin can you buy l-tryptophan over the counter prednisone moderate alcohol consumption grifulvin v roche precio argentina how much will cafergot cost flagyl medication uses is viagra over the counter in uk boots robaxin over counter canada what is nexium tablets for buying metformin from canada no prescription buy orlistat hong kong cozaar generic name losartan cytoxan medication where to buy can you buy norvasc over the counter in germany valacyclovir hcl 500 mg tabran zenegra italiano lisinopril side effects forum omnicef canada overnight delivery buy clonidine online paroxetine and alcohol consumption order proventil hfa staxyn how long to take effect how long do i have to take keppra order adalat 3 pharmacy can you buy nizoral at cvs allopurinol and warfarin online pharmacy uk tretinoin 0,05 methotrexate medicine definition many pharmacies japan antidepressant drugs fluoxetine my meclizine coupons buycialisonlinecheap can you buy isoniazid where purchase minomycin cheapest online purchase prevacid best metoclopramide prices albendazole compare prices buying doxycycline in bangkok buy lexapro online viagra online paypal drugs z pack antibiotics warnings buy aleve without a script get estrace toronto overnight pharmacy lasix cheap rosuvastatin cost comparison diabecon shelf life comprar malegra fxt original en madrid viagra canada shop reviews buy lozol pills online buy jelly cheapest kamagra premarin from europe side effects of cytotec comprar bentyl original how to take zovirax un rey en la habana online free prescriptions by mail costco femcare prices usa buyers of pariet canada xenical canadian source fda canada canadian generic pharmaceuticals association order viagra professional online canada trazodone tablets they buy terramycin australia purchase nizoral in us bula prednisona 5 mg best price levitra online singulair cost comparison toradol drugstore.com discount code for liverpool shop health canada retino-a cream 0,025 dulcolax online kaufen xenical results orlistat how much does antabuse cost non persciption proventil chloromycetin italiano dapoxetine 60 mg tablet health canada viagra sublingual best online pharmacy generic avandamet micardis shelf life diclofenac gel pas cher italie buy styplon new zealand online what does trazodone hydrochloride look like glucophage tablets on line to buy aciclovir prices usa billig azulfidine online kaufen overactive thyroid medication and weight gain mexican pharmacy no prescription maxalt delivery online generic aceon tinidazole tablets loose motion lady era generico italiano buy generic viagra plus online no prescription free or low cost lanoxin zetia medicinenet will propecia go over counter ginseng prices in kentucky 2012 side effects of glucophage metformin what is the recommended dose for cymbalta can you buy ciplox 500 in south africa use cialis sublingual coupon online use differin gel 0.1 tadalafil online reviews online abilify purchase neurotin sold in canada purchase accutane 5mg free viagrafix office 2000 tutorials can you buy venlor online is escitalopram better than fluoxetine where to buy allopurinol tablets overnight delivery no prescription ortho tri cyclen pill rx health order lotrisone products buy actos tablets canada comprar naprosyn online cheap exelon 3 mg anafranil 10 mg prospect buy shatavari with paypal
Home

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 1160 guests online

Atom RSS

In Bold Move, MLB Files to Force Frank McCourt to Sell Dodgers PDF Print E-mail
User Rating: / 13
PoorBest 
MLB Club Sales
Written by Maury Brown   
Saturday, 24 September 2011 10:16

Read the motion by MLB seeking to force
Frank McCourt to sell the Dodgers

In a move that will test the powers of sports leagues over the control of their franchises, Major League Baseball has asked the bankruptcy judge overseeing the Chapter 11 case of the Dodgers to force Frank McCourt to sell the club and the associated assets of it, which includes Dodger Stadium, land, etc (Los Angeles Dodgers LLC; Los Angeles Dodgers Holding Company LLC; LA Holdco LLC; LA Real Estate Holding Company LLC; and LA Real Estate LLC).

McCourt is seeking an auction of media rights of the Dodgers after the league rejected an extension with FOX. In their filing the league said, “[T]he sale proposed in the Media Rights Motion—the centerpiece of the Debtors’ sole reorganization strategy—is dead on arrival and cannot be completed. Accordingly, the (Dodgers) should not be permitted to continue pursuing this futile reorganization strategy, and the (Dodgers’ current ownership) should be terminated.” The league has said repeatedly that the prior request for an extension, and now the auctioning of the media rights “because doing so is not in the best interest of the Debtors, Major League Baseball or the 29 other MLB Clubs.”

Undisclosed prior, MLB agreed to not seek to remove McCourt for a limited period of time. A footnote in the filing on Page 1, reads:

“Major League Baseball previously stipulated to support a request by the Debtors for an extension of the initial period of exclusivity in these Chapter 11 Cases for 34 days, without prejudice to Major League Baseball’s right to seek, at any time, to terminate exclusivity for cause shown, so long as any motion seeking to terminate exclusivity disclosed this agreement between the parties. Major League Baseball hereby discloses its prior agreement and respectfully submits that cause exists to terminate exclusivity.”

READ THE MOTION BY MLB SEEKING TO FORCE FRANK MCCOURT TO SELL THE DODGERS

The initial television rights extension with FOX that MLB rejects had $385 million of upfront cash in the deal, but $173.5 million of it would have been diverted to pay McCourt’s legal fees as part of his divorce to his former wife, Jamie.  In terms of the proposed auction of the media rights now before the court, FOX has exclusive rights with the Dodgers. The deal expires in 2013 and no negotiations to extend those rights with FOX can begin before Nov. 30 of 2012. FOX is opposed to the auction and has said they will sue to retain the contract reached prior.

READ THE REJECTION LETTER FROM COMMISSIONER SELIG

The league cites several factors in not granting the initial extension from FOX and now the media rights auction. They cite that they wish seek “terminating the Debtors’ exclusivity because the Debtors are using these Chapter 11 Cases not to maximize the value of their estates for their stakeholders, but rather, to advance the personal interests of their principal, Mr. McCourt” adding that “he has used the Debtors’ property to secure numerous loans to fund transactions unrelated to the Dodgers’ operation as an MLB Club and to repay personal indebtedness, and he has transferred team assets from the Debtors to other companies he controls.”

The league cited the powers of leagues over their franchises, through both MLB Constitution (see the MLB Constitution) and the prior bankruptcy sale of the Phoenix Coyotes. In the case of the Coyotes, Jim Balsillie was looking to purchase the club and relocate them to Canada while the NHL wanted to keep the club in Phoenix. While Balsillie’s bid was higher, the bankruptcy judge sided with the NHL. The difference in that case and the Dodgers is that relocation is not part of the equation.

READ THE MLB CONSITITUTION

The Dodgers, through their legal team, responded by saying, “Major League Baseball’s motion is meritless.  It is another step in the Commissioner's continuing effort to cause the sale of the Dodgers notwithstanding that the Dodgers can and will be successfully reorganized as outlined in the recently filed media rights marketing motion.  In United States bankruptcy reorganization cases, liquidation is the last resort, not the first option.” The statement also added that, “MLB’s motion also ignores the fact that the Commissioner has treated the Dodgers differently from other Major League Baseball Clubs.” The Dodgers plan to file its initial response to MLB’s motion with the Court early next week.

While not speaking specifically, the statement that the Dodgers are “treated differently” may be a reference to New York Mets who have been besieged by financial woes due to ownership’s association to Bernie Madoff and the fallout from Madoff’s ponzi scheme.

But, the rejection of media rights by Major League Baseball is not new, and therefore, McCourt may lose that battle. Former Texas Rangers owner Tom Hicks sought a media rights extension with FOX when his holding company Hicks Sports Group was on the edge of bankruptcy. Just as is the case with the Dodgers now, the league said that granting the extension to Hicks was not in the best interest of the Rangers, or baseball and its 29 other owners, and rejected the deal. The Rangers were eventually auctioned out of bankruptcy in August of 2010.

In a separate filing, the league is seeking to disqualify McCourt’s legal counsel. That team consists of Dewey & LeBoeuf LLP and Young Conaway Stargatt & Taylor, LLP. The additional filing states that “Debtors’ Counsel are advancing the interests of Mr. McCourt in direct conflict with the interests of not only the Debtors, but of every other material stakeholder in these Chapter 11 Cases, including Major League Baseball and the other 29 Major League Baseball clubs (each an “MLB Club”). Disqualification is, thus, required.”

READ THE FILING SEEKING TO DISQUALIFY THE DODGERS’ LEGAL COUNSEL IN THE BANKRUPTCY CASE

The move by Major League Baseball is fraught with risk. In seeking to force the sale, and saying that any media rights deal –auction or otherwise –by McCourt is “dead on arrival”, they are putting the powers of sports leagues over franchises over the powers of the bankruptcy courts. An Oct. 12 hearing is scheduled to address the motion.

SEE OTHER MLB AND DODGER RELATED DOCUMENTS IN PDF


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, and is a contributor to Forbes SportsMoney blog.. He is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network (select his name in the dropdown provided).

Follow Maury Brown on Twitter Twitter

Follow The Biz of Baseball on TwitterTwitter

FacebookFollow the Business of Sports Network on Facebook

 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?