Josh Fisher has two pieces setting up the Dodgers' bankruptcy court debut this morning, one at ESPNLosAngeles.com, the other at Dodger Divorce. Both are useful; here's a sample from the latter:... Ordinarily, the requests made at these hearings are granted, almost as a matter of course. However, baseball has likely been preparing for this day for some time, and does not intend to let Frank McCourt have full operational control of the team during the bankruptcy. The primary issue today is debtor-in-possession (DIP) financing.McCourt has secured a $150 million commitment from a JP Morgan-owned hedge fund, Highbridge Capital Management, to finance the team until a TV deal can be approved. The Dodgers would have access to $60 million immediately, and the remaining $90 million would be
The Bankruptcy Court Pregame Show
Published June 28, 2011 at 7:35 AM
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