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Old 06-27-2011, 07:38 AM
 
Location: Tennessee
37,799 posts, read 40,996,819 times
Reputation: 62174

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"The Los Angeles Dodgers filed for protection under Chapter 11 of the U.S. Bankruptcy Code in order to protect the franchise financially and provide a path that will enable the Club to consummate a media transaction and capitalize the team. Dodger owner Frank McCourt cited Major League Baseball Commissioner Bud Selig's refusal to approve the Fox transaction as the cause for the Chapter 11 filing."

Los Angeles Dodgers File for Chapter 11 Bankruptcy Protection -- LOS ANGELES, June 27, 2011 /PRNewswire/ --

"The bare bones document — we should have more in the next day or so — estimates the Dodgers assets at $500 million to $1 billion, and lists its estimated liabilities at $0 to $50,000. As Futterman is reporting, the Dodgers are filing for Chapter 11 bankruptcy protection to keep the team out of the hands of Major League Baseball."

Read: The Los Angeles Dodgers File for Bankruptcy - Deal Journal - WSJ
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Old 06-27-2011, 08:13 AM
 
Location: Great State of Texas
86,052 posts, read 84,454,776 times
Reputation: 27720
Gee..who can even afford to go to a baseball game these days ?
They priced themselves out of affordability.
It's been years since I've been to a major league game..just can't afford it.
So I content myself with the minor league games.
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Old 06-27-2011, 08:22 AM
 
Location: Long Island
32,816 posts, read 19,475,534 times
Reputation: 9618
wish they had stayed in Brooklyn
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Old 06-27-2011, 09:36 AM
 
24,396 posts, read 23,050,809 times
Reputation: 14996
I say sell the Dodgers and move them back to Brooklyn. The Mets( whose owners might go to prison for being involved with Madoff) can sell the team and move it to LA. Everybody wins. NYC deserves to have two baseball teams. They may even get a football team someday if New Jersey can spare one of theirs.
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Old 06-27-2011, 03:10 PM
 
Location: Blankity-blank!
11,446 posts, read 16,181,964 times
Reputation: 6958
Quote:
Originally Posted by workingclasshero View Post
wish they had stayed in Brooklyn
Exactly! Back to being the Brooklyn Bums.
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Old 06-27-2011, 03:16 PM
 
Location: By the sea, by the sea, by the beautiful sea
68,329 posts, read 54,363,738 times
Reputation: 40731
Quote:
Originally Posted by HappyTexan View Post
Gee..who can even afford to go to a baseball game these days ?
They priced themselves out of affordability.
It's been years since I've been to a major league game..just can't afford it.
So I content myself with the minor league games.
I'd bet you have just as good if not better time at the minor league games.
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Old 06-27-2011, 03:17 PM
 
31,387 posts, read 37,036,965 times
Reputation: 15038
Well when Bernie Madoff Lite and his wife are running the team like their personal ATM machine, what does one expect?
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Old 06-27-2011, 03:19 PM
 
Location: Raleigh, NC
20,054 posts, read 18,278,232 times
Reputation: 3826
Green shoots!
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