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SBD/November 14, 2011/Franchises
Dodgers Ask Bankruptcy Court For Permission To Solicit Bids For TV Rights
Published November 14, 2011
TIMELINE OF SALE COULD BE JEOPARDIZED: In L.A., Bill Shaikin reported an extended legal battle over the rights issue “could jeopardize the timetable established by the settlement” between McCourt and MLB, which “calls for a new owner to be selected by April 1 and for the deal to be closed by April 30.” It is “possible that McCourt could sell the Dodgers and Dodger Stadium in one deal, the parking lots surrounding the stadium in a second deal and the television rights in a third deal.” An investment banker with several clients interested in the Dodgers said, “I don’t even know what’s for sale here” (L.A. TIMES, 11/13).