WILMINGTON, Del. -- A Delaware judge has authorized the Los Angeles Dodgers to enter into a $150 million bankruptcy financing
arrangement after the club satisfied certain concerns raised by
Major League Baseball.
After trading sharply worded briefs over the proposed financing,
attorneys for the league and the team agreed the Dodgers could
proceed with their proposed financing on an interim basis pending a
July 20 hearing.
The agreement includes reducing a proposed exit ...