Randall Chase

Dodgers file bankruptcy reorganization plan

DOVER, Del. -- The Los Angeles Dodgers filed a proposed bankruptcy reorganization plan Friday, a little more than a week after resolving a court fight with Fox Sports that threatened plans to sell the ball club.

The Dodgers said in court documents filed in U.S. Bankruptcy Court in Wilmington, Del., that the pending sale of the team should satisfy all creditor claims in full, either through cash payments or assumption of the claims by the new team owners.

The Dodgers intend to complete a sale of the team by April 30, as called for in a settlement with Major League Baseball. The April 30 date coincides with the deadline for Dodgers owner Frank McCourt to pay $131 million to his ex-wife, Jamie, as part of their divorce settlement.

MLB objects to Dodgers' bankruptcy financing

 

WILMINGTON, Del. -- Major League Baseball is objecting 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.

In papers submitted in Delaware bankruptcy court Tuesday, the league objected to the Dodgers' request for authorization to enter into a $150 million financing arrangement with a group of lenders in order to meet cash flow needs, including a Thursday payroll deadline.

March Sadness: Couple fights for basketball hoop

DOVER, Del. -- A Delaware mom climbed atop her family's basketball hoop Friday in a short-lived bid to keep authorities from ripping it out and confiscating it.

Transportation workers and state police came to her neighborhood in Wilmington Friday morning to remove several basketball goals that officials said were too close to the roadway.

Several residents were sent letters last year warning them that the state's "Clear Zone" law prohibits trees and other objects from being within seven feet of the pavement's edge in a residential subdivision.

(KHALID MOHAMMED/The Associated Press) In this July 4, 2009 photo, U.S. Vice President Joe Biden (right) is seen with his son, U.S. Army Capt. Beau Biden, at Camp Victory on the outskirts of Baghdad, Iraq. Vice President Joe Biden's son was being treated at a Delaware hospital, the White House said Tuesday, though it did not provide information about what might be wrong.

White House: VP Joe Biden's son hospitalized

NEWARK, Del. -- Vice President Joe Biden's son was being treated at a Delaware hospital, the White House said Tuesday, though it did not provide information about what might be wrong.

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