SBD/Closing Bell

Bankruptcy Court Approves Dodgers' Settlements With MLB, FSN

The U.S. Bankruptcy Court for the District of Delaware today formally approved the Dodgers' legal settlements with both MLB and FSN, further clearing the way for the team to be sold by late April. Dodgers Owner Frank McCourt had spent more than two years in litigation with FSN, MLB and ex-wife Jamie, at some points all at the same time. McCourt now has settled with all of them. Also gaining significant plaudits in today's court session was retired U.S. District Court Judge Joseph Farnan, who brokered deals between the Dodgers and both Fox and MLB.

"The settlements will allow the (sale) process to proceed without distraction," said bankruptcy court Judge Kevin Gross. "I know it's been a tough case, and at times, an emotional one. The fact the parties were able to put their differences aside and enter a settlement that clearly is in everyone's best interest is a credit." The Dodgers are expected to set a new record sale price for an MLB franchise.
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