MLB Commissioner Should Be Able to Sell Dodgers, Sinatra Heirs Tell Judge – Bloomberg

Major League Baseball Commissioner Bud Selig should be allowed to sell the bankrupt Los Angeles Dodgers, said season-ticket holders including the heirs of singer Frank Sinatra.

The request was among dueling court papers filed yesterday in which Selig, News Corp. (NWSA)’s Fox Sports and ticket holders lined up against team owner Frank McCourt, who is battling to retain control of the club.

The Dodgers claim that since McCourt bought the team in 2003 for about $325 million the club has seen record success financially and on the field. The team wants court permission to auction future television rights to raise enough money to exit bankruptcy.

Fox, Selig and the Ad Hoc Committee of Season Ticket Holders asked U.S. Bankruptcy Judge Kevin Gross in Wilmington, Delaware, to say no.

The auction “appears to be self-motivated by Mr. McCourt and his personal financial issues and not the interests of the Dodgers and its core creditors, the season ticket holders,” the ticket owners said.

Yesterday was the deadline for written arguments on competing proposals that would either force McCourt to sell the team or allow him to auction the TV rights.

The Dodgers filed for bankruptcy in June after Selig refused to approve a new television contract that McCourt negotiated with Fox Sports, the current broadcaster.

Read the full article here: MLB Commissioner Should Be Able to Sell Dodgers, Sinatra Heirs Tell Judge – Bloomberg.

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