Bankruptcy
Jun. 9, 2011
Ch. 11 Is No Silver Bullet for Dodgers
Though a bankruptcy would give team owner Frank McCourt more control in the short term, it is almost guaranteed to ultimately force a sale and transfer ownership of his Boys in Blue for good.
Daily Journal Staff Writer
LOS ANGELES - With the Dodgers several hundred million dollars in debt and Major League Baseball breathing down his neck, team owner Frank McCourt could take the franchise into bankruptcy in a last-ditch effort to maintain control. But Chapter 11 is no silver bullet, lawyers say.
The upshot of bankruptcy, according to several experts, is that McCourt might have better luck getting a bankruptcy j...
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