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Dodgers file for bankruptcy: What now for the boys in blue?

[additional-authors]
June 27, 2011

If you’ve ever seen Albert Pujols cross home or a football player take a knee after scoring a touchdown, you might think that God cares about who wins and loses a professional sports game. I tend to disagree. But I know that God can’t be happy with what is happening to His ” target=”_blank” title=”Los Angeles Times”>Los Angeles Times:

McCourt has obtained $150 million in interim financing, according to the court filing in Delaware. If the bankruptcy court approves that financing on Tuesday, McCourt would meet Thursday’s payroll deadline and could remain in control of the club throughout the bankruptcy proceedings, with the intention of negotiating a television rights deal within 180 days that would satisfy the court by paying off all creditors in full.

Major League Baseball is expected to challenge McCourt’s move at Tuesday’s hearing in Delaware.

Under the MLB constitution, the act of filing for bankruptcy enables the commissioner to strip McCourt of ownership. But bankruptcy court proceedings generally override MLB rules.

Manny Ramirez is the Dodgers’ largest creditor, according to the bankruptcy filing. The Dodgers owe Ramirez $21 million, followed by Andruw Jones ($11 million), Hiroki Kuroda ($4.5 million), Rafael Furcal ($3.7 million) and the Chicago White Sox ($3.5 million, for Juan Pierre).

Yada, yada, yada. Turns out McCourt owes a lot of people money.

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