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Dodgers say bankruptcy case is on track
Published November 20, 2014
The Los Angeles Dodgers say they are on track to exit bankruptcy as planned on April 30.
The franchise filed an amended reorganization plan Friday in a bankruptcy court in Delaware.
The revised plan is based on an agreement announced last week to sell the team for more than $2 billion, which the Dodgers say will allow for the payment of all allowed creditor claims in full.
The Dodgers are being bought by Guggenheim Baseball Management, a group that includes former Lakers star Magic Johnson and longtime baseball executive Stan Kasten.
The April 30 date is part of a settlement between the Dodgers and Major League Baseball and coincides with the deadline for current owner Frank McCourt to pay $131 million to his ex-wife, Jamie, as part of their divorce settlement.
https://www.foxnews.com/sports/dodgers-say-bankruptcy-case-is-on-track