WILMINGTON, Del. (AP) — A federal bankruptcy court judge in Delaware is deciding whether to approve a revised reorganization plan by the Los Angeles Dodgers that would put the team on track to exit bankruptcy […]
The agreement, announced Tuesday night about after five hours after Major League Baseball owners approved three finalists, including Rams owner Stan Kroenke, for the auction.
Major League Baseball owners scheduled a teleconference for Tuesday to vote on the three remaining groups bidding to buy the bankrupt Los Angeles Dodgers from Frank McCourt.
Seven groups of bidders for the Dodgers, including Stan Kroenke, will interview with baseball’s ownership committee in the next step toward selling the bankrupt team by the end of April.
Kroenke could be the lucky bidder in April that will set a record for all North American sports franchises by purchasing the Dodgers for an anticipated $1.5 billion.
One of the people confirmed a Los Angeles Times report that Stan Kroenke was involved in the bidding. Kroenke already controls the NFL’s St. Louis Rams.
The Dodgers filed for bankruptcy protection on June 27, blaming Major League Baseball for refusing a week earlier to approve a multibillion-dollar TV deal with Fox Sports.
“It wasn’t one thing,” a high-ranking baseball executive said Thursday, speaking on condition of anonymity. “It was a series of things that just kept building.”