Monday, January 23, 2012

Dodgers reorganize after bankruptcy

Dover Delaware — The Los Angeles Dodgers have filed a bankruptcy reorganization plan, a week after resolving a court fight with Fox Sports that threatened plans to sell the club.

The Dodgers filed their plan Friday in bankruptcy court in Delaware, saying the sale of the team should satisfy all creditor claims in full, either through cash payments or assumption of the claims by the new owners.

The Dodgers are asking for a Feb. 22 court hearing for court approval of the statement outlining the reorganization plan and the process for creditors to vote on it.


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