- Pregnancies decline overall, up among older women
- Pentagon plans to destroy Syrian chemical arms on ship at sea
- Paris Metro issues ‘politeness manual’ to improve passengers’ behavior
- Justin Bieber, crew detained at Australian airport in drug search
- Lee Rigby trial: Muslim who machete-hacked soldier calls it ‘humane’ kill
- GM ending Chevy sales in Europe to focus on Opel and Vauxhall
- Putin’s diplomats to U.S. busted for living high life off $1.5M bilked from Medicaid
- Happy Meal: Couple goes to McDonald’s, leaves with bag packed with cash
- Boehner: It took me 3 to 4 hours to sign up for Obamacare
- Oh my God! Costco lists Bible as fiction, Ron Burgundy memoir as gospel
MLB objects to Dodgers bankruptcy financing
WILMINGTON, DEL. (AP) - Just hours after Major League Baseball objected to the bankruptcy filing by the Los Angeles Dodgers, accusing team owner Frank McCourt of siphoning off more than $100 million in club revenue and driving the Dodgers into a liquidity crisis, a Delaware judge on Tuesday granted several routine motions that will allow the team to continue operations.
Judge Kevin Gross authorized the Dodgers to continue paying vendors, utility providers and employees, and to keep up with tax and insurance obligations. The granting of such motions is routine in first-day hearings in bankruptcy court, but Gross noted that the baseball club’s case is unique in some aspects.
“I haven’t seen a wage motion quite like this one,” the judge said, referring to the team’s 44-page motion to continue paying hundreds of full-time and part-time employees, including about 250 players, most of whom are in the minor league ranks.
Gross also granted the team’s request to honor payments it is required to make under collective bargaining agreements.
After granting several of the motions, Gross ordered a 30-minute recess, allowing time for discussions between attorneys for the Dodgers and MLB, which opposes the team’s request for authorization to enter into a $150 million financing arrangement.
Commissioner Bud Selig claims in the filing that his office can provide a loan on better terms than what a group of lenders is offering, and argues that the court should reject McCourt’s financing proposal because it compels the team to sell valuable future broadcast rights to meet current expenses and to provide money for McCourt’s personal use.
Thomas Lauria, an attorney representing Selig’s office, disagreed with Bennett that the league and the team were adversaries, saying the league views the Dodgers as one of its “cherished crown jewels,” and an “essential component” of the league.
In addition to the dispute with the league over financing, the Dodgers are facing a challenge from McCourt’s ex-wife, Jamie, who is battling in a California divorce court for half of his ownership assets.
“Jamie McCourt is a presumptive owner of 50 percent of assets,” said Laura Davis Jones, an attorney representing her.
Jones urged the judge to do only what is minimally necessary to preserve the assets of the team.
“Nothing should be done today that locks the future of this case into concrete,” she said.
- 'Hunger Games' delivers Obama's message on income inequality: liberal group
- CARSON: Getting to the top by starting at the bottom
- NAPOLITANO: Pope Francis should be saving souls, not pocketbooks
- Hack attack: 2 million Facebook, Twitter passwords stolen
- Obama returns to class warfare as poll numbers plunge
- Russian diplomats busted bilking $1.5 million from Medicaid
- CURL: 'Mission Accomplished' for Obamacare
- Obama lived with Uncle Onyango Obama in the 1980s, White House admits
- Nelson Mandela, South Africa's first black president, dies at age 95
- American teacher shot and killed at Benghazi international school
Independent voices from the The Washington Times Communities
Interviews and show reviews from the Los Angeles punk scene past and present. Los Angeles has always been rich in punk rock talent since punk rock was born.
NFL junkie Eric Golub reports on his favorite obsession. There is no football offseason. Every February he pretends to care about other sports while sobbing uncontrollably each Sunday until September.
All of the world’s problems, solved on your back porch
Brazen, leading-edge, “call it like it is” columns and reporting from Ohio native, radio host and writer, Sara Marie Brenner.
White House pets gone wild!