Dodgers' Unsecured Creditors Join Rally Against TV Deal

Law360, Wilmington (October 24, 2011, 8:45 PM EDT) -- The Los Angeles Dodgers LLC’s unsecured creditors committee on Monday joined the chorus of opposition to the team’s plan to exit bankruptcy in Delaware by auctioning off its television rights, saying the proposal threatens a promised full recovery for creditors.

With owner Frank McCourt’s stewardship of the Dodgers under intense scrutiny from Major League Baseball — which is aiming to force the owner to sell the entire franchise — the team has deflected some criticism by stressing that all creditors’ claims will be paid in full...
To view the full article, register now.