Uncertainty is plaguing the Los Angeles Dodgers now. MLB is now looking for the team to be on sale. This is a cumulative effect of many problems that the team owner Frank McCourt has been having on the financial front. The Major League Baseball’s attorneys asked the Delaware bankruptcy judge to make way for the teams sale. The League has put the blame on McCourts destructive tactics.
Team vs League
As everyone and their uncle know, Frank McCourt has encountered some financial problems and has taken some decisions without a consultation with the League. This could have serious effects on the team’s future and existence in the League.
It is alleged that he has used the team’s Chapter 11 case to lighten the burden of his financial problems. He has stripped the team of its revenue sources. The last nail on the coffin was when he sought to auction off the team’s television rights without the league’s approval. If this has gone ahead the team’s finances would have reached a dead-end. It would be topped off by a sure expulsion from the League.
The league’s Attorneys however put an end to the sale of television rights and came up with the solution of selling the team as this could solve many issues without affecting the team’s existence. Frank McCourt could get a part of the sale and the team will have some benefits also.
However, the proposed sale could bring other problems in its wake. For instance, the contract between the Dodgers and Fox sports will be breached if the sale happens.
Now it has also become a clash between the Dodgers and the League regarding the television rights auction. The questions that need to be answered is whether is it possible to change the League’s constitution to deal with bankruptcy issues. Anyway, let us wait until Oct 12 for the hearing that is the crucial decider.