The owner of the Los Angeles Dodgers won a reprieve in bankruptcy court Tuesday to maintain day-to-day operations, while Major League Baseball considered seizing control of the cash-strapped ballclub.
Dodgers owner Frank McCourt is squaring off in bankruptcy court against the league in a contentious battle over one of the most storied — and lucrative — franchises in baseball. The ownership fight is linked in part to McCourt’s divorce from his wife and former team CEO Jamie McCourt, who is also claiming half his assets.
The Dodgers have blamed their bankruptcy filing on commissioner Bud Selig’s refusal to approve a multibillion-dollar TV deal with Fox that McCourt was counting on to keep the franchise afloat.
McCourt gained approval from Judge Kevin Gross to enter into a $150 million bankruptcy financing arrangement to keep the team running.