Citing MLB refusal to sign off on a transaction that would provide the team with $385 million, the Dodgers file for bankruptcy protection in a Delaware court. Although there will be no disruption to the day-to-day status of the franchise, the Chapter 11 financing permits the Dodgers to use $150 million for daily operations and gives owner Frank McCourt time to seek a media deal that will ensure the club’s long-term financial stability.

On June 27, 2011 — Citing MLB refusal to sign off on a transaction that would provide the team with $385 million, the Dodgers file for bankruptcy protection in a Delaware court. Although there will be no disruption to the day-to-day status of the franchise, the Chapter 11 financing permits the Dodgers to use $150 million for daily operations and gives owner Frank McCourt time to seek a media deal that will ensure the club’s long-term financial stability.

Sources:
National Pastime

Support us!
Own this Day and Be Part of Baseball History

Daily Rewind - Baseball History delivered daily

* indicates required

Baseball is the only game you can watch on the radio. Join the community today and listen to hundreds of broadcasts from baseball’s golden age.

Lets go! Start listening!

Start Listening today!
Share the Post:

Related Posts

A pair of 9th-inning homers off closer Wade Davis lead the Diamondbacks to a 10 – 8 win over the Cubs at Wrigley Field. Paul Goldschmidt connects for his third long ball of the game with one out, and J.D. Martinezfollows with another dinger. Goldschmidt has 6 RBIs on the day, and his performance is almost matched by Cubs C Willson Contreras, who also drives in 6, but with only two home runs. The back-and-forth game starts 90 minutes late because of rain and is interrupted twice, for 35 minutes in the 2nd and another 30 minutes in the 9th.
Read More
August 3, 2017
Load More
Start Listieng to Classic Baseball Broadcasts (1934 - 1973)

Start Listieng to Classic Baseball Broadcasts (1934 - 1973)

Enjoy our free trial and start listening to games, interviews and shows! Ruth, Mantle, Aaron, and Seaver!

$9.99/month
$99/year
class="wp-singular post-template-default single single-post postid-131652 single-format-standard wp-custom-logo wp-embed-responsive wp-theme-kadence wp-child-theme-kadence-child logged-out footer-on-bottom hide-focus-outline link-style-standard content-title-style-normal content-width-normal content-style-unboxed content-vertical-padding-show non-transparent-header mobile-non-transparent-header kadence-elementor-colors elementor-default elementor-kit-193430 elementor-page-193959"