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Wednesday, January 11, 2012
Dodgers, Fox Sports Reach Settlement
A bankruptcy judge on Wednesday approved a settlement between the Los Angeles Dodgers and Fox Sports that clears the way for a sale of the team.
The settlement approved at a hearing in Delaware ends a contentious legal battle between the ball club and Fox.
Under the settlement, the Dodgers are giving up plans to sell media rights to games starting in 2014 and sticking with their existing contract with Fox, which gives Fox exclusive rights to try to negotiate a contract extension starting later this year.
Major League Baseball and the Dodgers’ committee of unsecured creditors support the settlement, which allows the team to be sold by April 30.
Long national nightmare #2397 finally on course for a wake-up call?
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1. Joyful Calculus Instructor Posted: January 11, 2012 at 02:18 PM (#4034313)Yes. Fox has two regional sports networks in LA, and Time Warner just signed the Lakers away from them for the next 20 years in order to start their own regional network. The rumor is that Fox is looking to buy the Dodgers (or influence who does) in order to keep Time from locking the Dodgers up as well and making it substantially impossible for Fox to support it's two networks without the Lakers and Dodgers.
Seller's remorse?
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