Los Angeles Dodgers Ask Bankruptcy Court To Allow Media Rights Auction
September 19, 2011 at 4:56 AM (PT)
In the latest chapter of the LOS ANGELES DODGERS' bankruptcy saga, the team has asked the court to allow it to auction off its media rights. MLB.COM reports that owner FRANK MCCOURT, beset with financial difficulties and a contentious divorce, believes he can get enough money from an auction to allow him to retain the club.
The DODGERS' current deal for television with FOX SPORTS expires after the 2013 season, and a $3 billion extension that would have given MCCOURT $400 million of cash up front was rejected by MAJOR LEAGUE BASEBALL. MCCOURT would like to open a 45-day window for exclusive negotiations with FOX, and then an auction of a deal with FOX cannot be struck. Radio broadcasts are presently on CUMULUS Talk KABC-A and UNIVISION Spanish Talk KTNQ-A.