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.