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SBD/July 15, 2011/Franchises
MLB Formally Objects To McCourt's Proposed Financing From HighBridge Capital
Published July 15, 2011
OUTLINES MISMANGEMENT OF TEAM: MLB in the objection also extensively outlines alleged mismanagement of the Dodgers by McCourt, including the extraction of a redacted sum of money in direct and indirect payments to him and his family. The sum is believed to be into nine figures. Additionally, the filing outlines the beating of MLB Giants fan Bryan Stow in the Dodger Stadium parking lot, an incident that "highlighted the apparent deficiencies in security provided by [the Dodgers], which compromised the safety of fans and patrons to the detriment of the Dodgers and Major League Baseball. This deficiency was further exacerbated by the extraordinary number of complaints received by the Commissioner." MLB's filing also outlines an ongoing dispute regarding league-appointed club monitor, Tom Schieffer. The Dodgers claim the bankruptcy rules enjoin Schieffer from continuing his duties, a position MLB challenged in a letter to McCourt's attorneys. But the league said it has received no response.