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A bankruptcy judge in Delaware on Wednesday approved a settlement between the Los Angeles Dodgers and Fox Sports that clears the way for the sale of the team.
A federal district court judge in Delaware has scheduled a hearing next week in an appeal by Fox Sports of a federal bankruptcy judge's order allowing the Los Angeles Dodgers to sell the media rights to future games.
"The agreement with Fox clears the path for the Dodgers to sell the team on schedule and to maximize the value of the debtors' estate," Dodgers attorney Sid Levinson told Judge Kevin Gross.
"We've learned that the bidders for the team fully appreciate how lucrative the team's future media rights are in the current market," Levinson said Wednesday, adding that the Dodgers are far more confident now than they were last year that the full value of the media rights will be reflected in the sale price for the team.