FOXNews.com: Closing of Dodgers sale finalized

FOXNews.com FOX News Network - We Report. You Decide. // via fulltextrssfeed.com

Closing of Dodgers sale finalized May 1st 2012, 17:50 LOS ANGELES –  The $2 billion sale of the Los Angeles Dodgers to a group that includes former Lakers star Magic Johnson has been finalized. The team announced the deal's closure Tuesday in a statement. The Dodgers were sold to Guggenheim Baseball Management as part of a bankruptcy reorganization plan under former owner Frank McCourt. A federal bankruptcy court judge in Delaware approved the sale last month. The Dodgers entered bankruptcy in June 2011 during a bitter dispute with Major League Baseball. At the time, baseball Commissioner Bud Selig refused to approve a new TV deal with Fox Sports that the team was counting on in order to make payroll and keep the franchise solvent.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions