Law360, Wilmington (January 20, 2012, 6:17 PM ET) -- The Los Angeles Dodgers LLC unveiled a reorganization plan on Friday to consummate a sale of the baseball franchise and exit bankruptcy while making all of its creditors whole.
The team, mired under court protection in Delaware since June, expects the sale to be finalized and the plan to go effective by April 30, according to a statement.
“The Dodgers are not only a storied franchise with truly global appeal, but also present the attractive potential for strong cash flow and significant value enhancement. The combination...
Dodgers' Ch. 11 Plan Promises Full Debt Repayment
To view the full article, take a free trial now.
