bystolic price comparison provera next day delivery most common side effects of lanoxin cytotec 200 mg pfizer pharmacy propecia generic clomid 25mg pct keflex online overnight shipping buy pakistani viagra glycomet without script buy avalide uk glucophage sr 500mg prolonged release tablets buy snovitra super power tablets online brand cialis online without rx propranolol online pharmacy shipped to canada prevacid overnight pharmacy generic entocort drug lasix 20 mg pulmicort online viagra 100 mg cijena order viagra 25mg cheap maxalt mlt 10 mg lukol shelf life natural erection pills cheap seroquel 200mg roche xenical uk erythromycin 500mg generic kamagra paypal kamagra 100 mg tabletki cozaar overnight shipping mg trazodone generic brand levitra 100 mg acheter beconase aq lincocin without script trandate usa pharmacy viagra online legal buy advair diskus online mexico no prescription ncm cialis 20mg how much is clomid to buy privately cheap prices celebrex lexapro generico colombia prednisone 20 mg benefits buy cialis europe harga metformin 500 mg canadian nexium prescription buy ginseng 100mg online dilantin low dose birth control valtrex authorized generic tesco chesterfield road mansfield pharmacy risperdal 20 mg buy .99 generic viagra lisinopril 20 mg online metformin bluefish 1000 mg atacand prescription medication flagyl buy mexico order lexapro tablets levitra 10 mg yorum buy lasix online cheap 150 mg. viagra nolvadex india 50mg daily cialis mg celebrex 400 mg pret generic synthroid safe buying diamox in nepal soft generic viagra what is lasuna made of lexapro 10mg weight viagra lloyds online non persciption neurontin buy viagra houston generic versus lexapro buy amoxil overseas sominex online meds prednisone 6 40 mg where can i buy remeron in canada zoloft 50mg pregnancy 2013 viagra sublingual australia price flagyl generic form cialis jelly cost canadian augmentin 625 mg wiki cheapest 10mg cialis canadian chiropractic and rehabilitation clinic mississauga advair diskus generic drug generic nolvadex pct generic viagra facts diovan online canada kamagra next day special delivery viagra vs kamagra side effects floxin in the uk now venlor drugs online purchases low dose aspirin uk generic cialis .nu generic for cozaar 100mg jual cialis 80 mg viagra plus generic meloxicam for cats dose alli diet pills-do they really work elocon online sales online pharmacy uk nizagara list of tesco stores selling rocaltrol generic viagra 25 mg kamagra oral 50 mg what does carafate have in it jelly sale online generic cialis acheter cleocin pas cher where to buy baby zantac buy nizagara online from usa 600 mg celebrex clomid online 50mg over the counter indinavir valtrex generic discount buy liquid bactrim metformin taste disorder cialis order 5 mg best place buy zovirax jual viagra online generic zestoretic overnite shipping buspar 5 mg tablets 6 pills 1000 mg zithromax metronidazole 400 mg for dogs generic zenegra uk paypal augmentin bustine 125 mg clomid pills uk lexapro dosage 50mg comprar pyridium pela internet clomid dosage150 mg buy indian cialis online pharmacy keftab high coverage drugstore powder foundation much xenical buy hydrochlorothiazide dosage 50 mg free coupon for cytoxan buy canada no prescription for female cialis albuterol inhaler prescription online cialis 20 mg avis generic viagra erfahrungen farmaci generici cialis generic viagra blue 100 buy strattera online from mexico generic zoloft buy ordering low dose toprol xl lexapro 20 mg forum where to get hoodia in malaysia generic viagra patent risperdal online overnight anafranil 25 mg novartis cialis 20 mg efectos cialis soft 100 mg moduretic roche precio argentina 60 mgs of levitra cytotec genericos cheap cialis daily liquid promethazine for sale buy cleocin uk doxycycline availability mg 500 buy tretinoin 0,05 next day purchasing yagara online pret augmentin 625 mg prednisone dosepak viagra 100mg power propecia 90 tablets cheap prevacid coupons 2012 ephedraxin order in the us diflucan prescription online donde puedo comprar suscripcion xbox live gold xenical order cialis 20 mg deutschland estudios lexapro 15mg lupin 40 mg lisinopril lasix ret. 60 mg generic lexapro forum 40mg strattera erowid order florinef calan drugs for sale viagra store online brand levitra over the counter nebenwirkung metformin 850 mg how to take diclofenac sodium 50mg best generic zovirax sites rx sunglasses online cheap levitra 10mg effects order zoloft 100mg what is mobic prescribed for fluoxetine pharmacy order levitra dosage 40 mg purinethol online uk online pharmacies viagra blue sex pills counterfeit generic viagra diflucan generic name cheapest taxi service in liverpool how to import acai from brazil where to buy tretinoin cream uk 10 vs 15 mg lexapro uroxatral daily use reviews bupron sr lowest price can i get grifulvin v prednisone cats 5mg best anti depression medication 2012 digoxin 10 mg 50 mg vs 100 viagra amoxil 500 mg overdose viagra generico curitiba taking 2 10mg levitra lexapro generic drug biaxin dosage instructions prescription drug cefixime online apotheke xenical order bactroban cream online cialis 5mg take 4 60 mg of propranolol buy viagra separately safe buy grifulvin v online eulexin tablets online safe buy avalide online low cost overnight levothroid buy 100m viagra doxycycline 100mg zonlicht buy viagra express generic cheap cialis 2.5 propranolol 80 mg lp levitra 20 mg werking nexium order orlistat generic alli trumpet brand pills buy viagra australia clomid 100mg bfp sinequan without insurance securetabsonline cialis 20mg buy topamax astrailia order tenormin in minoxidil 12.5 cost lexapro escitalopram 10mg bestellen viagra online avapro tablets 300 mg buy propecia mastercard how to use unisom minoxidil women boots elocom crema para acne what is bactrim used for in cats prednisone dosage 20 mg cialis 50 mg hf buy tamoxifen in usa cipro usa order order zithromax cheap diflucan oral 200mg nexium cheap canada cheap viagra lavitra hoodia without a script betamethasone valerate cream 0.1 side effects 100mg clomid risk twins generic viagra rosebud viagra 150 mg resmi levaquin without a prescription from mexico xenical 15mg buying kamagra australia generic cialis nosebleed buy diflucan one diovan dosage recommended price zoloft 100mg generic zoloft online prednisone 5mg 30 buy celadrin with paypal 5mg lexapro effective when lexapro generic phenergan discount no prescription buy mobic in usa cialis quanti mg coomeva cheap viagra can you get high off bentyl clomid 100mg round 2 buy promethazine 15mg online liquid fucidin review buy bactrim viagra freeonline opinioni propecia o generico prednisone prednisolone buy 20mg cialis how much will alavert cost 40 mg prednisone taper can you buy tinidazole online glucophage 1000 mg sr buy levitra 100mg nexium 40mg cost atrovent prices usa amoxil 500 mg alcool valtrex 500 mg price canadian drugs online viagra generic cialis buy prescription drug avodart doxycycline hyclate 400 mg pill identifier m367 buy prednisone boots precio del lexapro en mexico buy clenbuterol viagra cialis from canada daily generic name for lotensin hct cheap online kamagra comprar alli online mastercard cialis orders astrazeneca nexium 40 mg lisinopril al 20mg what color is lithium chloride florida lioresal cialis 2.5mg. cost of mevacor tri-cyclen lo 28 side effects order viagra without rx online 600 mg of zoloft 20 mg propranolol augmentin 825 mg kamagra gel cheap zolpidem 5mg price what does provera dose ordinare cialis generico strattera 100 mg cost viagra piller online cost of prazosin xenical orlistat cheapest voveran sr phone orders biaxin drugstore com how often to take ampicillin a good web page to buy voltaren with no script ventolin syrup salbutamol sulphate generic zoloft prices viagra canada cheapest zovirax tablets 200mg zithromax chlamydia order comprar nexium generico canadian pharmacy erection packs 18 but 2.5 mg cialis zyban reviews quitting smoking actoplus met birth control online canada xenical generic drug augmentin 250 mg szirup what is diflucan mg used to treat tab viagra 100mg 522 mg wellbutrin buy digoxin boots pharmacy what is the benefit of liv 52 ds synthroid generic for levitra 20mg fta4 how long do i have to take allopurinol lisinopril 20 mg identification liv 52 on line no script is there a generic for synthroid lexapro 20 mg tabletas free generic cialis generic for ampicillin clomid success 50 mg order viagra samples pariet uses medication lisinopril 20 mg buy eutirox 100 prezzo lisinopril 10 mg w929 nexium 20 mg price lortab elixir street value buy viagra lancashire viagra bust montreal kupiti cialis online erection packs 1 without rx brand brafix buy spierx viagra online is mail order flagyl er safe azithromycin 500 mg tablets dosage generic valtrex reviews can you get albendazole in canada buy levaquin pills buy cialis zealand how to get us prescriptions filled in canada us virgin islands board pharmacy cialis 10mg portugal generic buy advair diskus asthma methotrexate drugs interactions medicamento nexium 40mg atacand prices canada flagyl 500mg medication generic viagra walgreens abana without prescription augmentin 475 mg prospect lamisil generico pharmacy online propranolol lahore buy viagra chloramphenicol perth australia ordering phenergan discount pharmacy brand viagra online canadian pharmacy approved buy strattera boots pharmacy 80 mgs of lasix cheapest lotensin in the uk glucophage xr generic long time side effects sustiva health canada rogaine 5 donde comprar pastillas cytotec en usa prednisone 100 mg buy ranitidine online cheap generico viagra eff 500 viagra tabs 150mg prednisone 20mg cost augmentin 875 generic buy flonase 5 generic viagra eshop buy floxin online valtrex cheap prescription nexium 2o mg lov cost provera real levitra cheapest erythromycin stearate 250mg plavix 75 100 buying fertomid using paypal cheap soft cialis cheapest viagra 150 mg duracion cialis 5 mg prospecto strattera 25 mg generic drug name for plavix; buy generic desyrel with bonus lisinopril 2.5 mg used generic of wellbutrin viagra online italia generic viagra rd buy mentat ds syrup in ireland lithium carbonate generic cost phenergan online propranolol lek 40 mg lamictal rx assistance buying allopurinol online cheap viagra paypal toradol maximum iv dose vendita cialis online buy doxycycline products cheap us online order aceon zoloft cheap erythromycin estolate 250 mg supreme suppliers mumbai india levitra 5 mg posologia can order aspirin canada altace medication high blood pressure hydrochlorothiazide 25 mg effects order nexium generic erythromycin purchase online propecia online shopping kamagra online now cialis lilly 20 mg dosage viagra 100mg tegretol dose trigeminal neuralgia cialis farmacie online beat way to order mobic zyloprim sale avex cipro 500mg buy levitra professional 5 generic brand advair diskus uk paypal order propecia pills finax generic propecia viagra 100mg generic viagra jelly tablet sale viagra generic brazil zestoretic where can i buy it prices cheap anafranil online celebrex 200mg wirkung nexium 40mg instructions comprar viagra 25mg cialis 5mg 36 hours posologia zovirax 400 mg strattera 80 mg nausea vpxl over counter ordering asacol from canada order cialis here viagra fiyatlari 50 mg lexapro panic disorder viagra 100mg pills where to buy remeron with amex brand viagra on line in the mexico augmentin 625 mg beipackzettel paypal cialis canada purchase furosemide buy flagyl over the counter doxycycline capsule 100mg ashwagandha cheap uk levitra 20mg posologie cialis pro generic avandamet rxlist ordering kamagra order cabgolin buy genuine cialis jelly uk glucophage ftbl 1000mg lopid 300 mg online generic decadron acheter keflex candian cialis 20 mg cialis online generic buying viagra seoul tell licensed canadian pharmacy generic viagra image 50 mg of synthroid donde puedo comprar allegra myambutol rx tetracycline 250 mg buy where can i buy levoxyl fast online prednisone 5mg metformin xr 500 mg prednisone 50 mg information ciproxin 500 mg 6 compresse
Home MLB News MLB Club Sales In Bold Move, MLB Files to Force Frank McCourt to Sell Dodgers

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 761 guests online

Atom RSS

In Bold Move, MLB Files to Force Frank McCourt to Sell Dodgers PDF Print E-mail
User Rating: / 26
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?