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Judge To Hear Arguments On Rival Financing Plans In Dodgers Bankruptcy Case

The increasingly hostile bankruptcy battle between the Dodgers and MLB will continue in a Wilmington courtroom this morning as Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware will hear arguments on rival interim financing plans. The club and Owner Frank McCourt are seeking approval to maintain access to a $150M loan from hedge fund Highbridge Capital Management. MLB, conversely, has its own competing proposal, one it and several other third parties claim is economically superior to the Highbridge bid. McCourt, however, has steadily argued that the MLB proposal is actually an effort by Commissioner Bud Selig to separate him from the team through a series of default mechanisms, and Monday likened Selig to "the devil." The league has made its own character assaults back on McCourt, claiming he looted the team of more than $180M in personal distributions and oversaw a precipitous decline in Dodger Stadium security. Gross does not necessarily have to rule in favor of either bid as currently written, and instead can signal approval will not happen without modifications. But when Gross picks a winner, the prevailing party will have a key early advantage in the ultimate outcome of the club.

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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