Judge Nixes Dodgers Financing Plan

[n2doc]

By THE ASSOCIATED PRESS
Published: July 22, 2011 at 2:52 PM ET

DOVER, Del. (AP) — A Delaware judge has rejected the Los Angeles Dodgers' proposed $150 million bankruptcy financing plan, a decision that likely will force the team to accept a financing offer from Major League Baseball.

The judge issued his eight-page decision Friday, two days after presiding over a hearing on the competing financing plans.

The team had sought approval of its proposed arrangement with hedge fund Highbridge Capital.

But the league, which has been locked in a bitter dispute with Dodgers owner Frank McCourt, countered with a competing plan that carried better financial terms.


http://www.nytimes.com/aponline/2011/07/22/us/AP-BBN-Dodgers-Bankruptcy.html

[MineralMan]

1. Perfect forum choice.

Not Sports, but Entertainment. This has nothing to do with Sports.