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‘790 The Zone’ sports radio host Chris Dimino on the Major League Baseball team filing for Chapter 11 bankruptcy protection.
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-- Dodgers one of the most storied franchises in American sports.
Filing for Chapter Eleven bankruptcy protection today financially strapped owner Frank McCourt.
Hoping to block a Major League Baseball take orbited the team after Baseball Commissioner Bud Selig rejected -- TV deal.
That -- provided the doctors with a quick injection of cash.
And sport.
What I've been at dodger fan for a hundred years but nobody goes to doctor and I mean it's been very -- simply bring in Sports Radio host -- tomato and says that the bankruptcy filing.
Just delays the inevitable.
What's important is what happens after McCourt.
No longer owns the team he joins me now and claimants money -- OK so let's just get first.
To the point that this -- does not bankrupt correct Americans still wear my doctor -- -- -- -- -- And then people kind of -- -- -- saddle up Frank McCourt and imagine other dodger fans might not necessarily like that that seems to be part of the battle it's.
The fans and LA saying I don't -- -- support him and that's really what this has come down to.
Baseball went from being sort of a homeowner's association that said we don't like affecting you haven't caught your Lana you don't cut -- -- the right way.
To being sort of a bank that saying you can't pay your mortgage and those are two very different things.
The Franken court not being able to make payroll let's -- to hedge -- long of a 150 million dollars.
It is delaying the inevitable at this point which really craziest it's a guy who has no money taken out another loan -- probably somewhere close to 10%.
Well baseball's worried about his -- campaign that won't back does a hot does -- hedge fund.
Group actually have a right to start claiming assets which will be part of a baseball team baseball also want this man.
What's interesting because you've got hedge fund and private equity guys like David Einhorn getting into the -- to keep teens like -- -- -- but again part of this had to do.
Chris what the fact that you have Bud Selig standing in the way of the fox deal which would've given a lot of cash to that company to the courts and to help them keep going -- and some people don't look at that say well of course fox sports being a partner with Fox Business is part of News Corp.
The say why not let fox sports have a deal with them that and helped save the -- I think that's gonna be legal question did -- Selig IE baseball have a right singled with three billion dollar deal on an all fox still wants the deal on and -- they wanna be.
Sort of in business with Frank McCourt at this point after all -- laundry being thrown out with Franklin court's.
But I do find an interest in the legal question is going to be.
Do they have a right to do that but -- -- said we want that go beyond 2012 so there -- bidders.
The best interest of baseball which nobody really knows what it means it's seldom use but this sort of the cried -- Bud -- is making it's not the best interest of everybody if you do would deal without other bidders getting in the next can't happen because exclusive rights don't turn over the 2012.
Nor -- -- Selig was dumb enough to actually have a paper trail that says no matter what the deal was.
I was going to turn it down.
But I think that's important is people's plea is going to be.
We have three billion dollars 385 million company but still is -- -- with but that means it's going you when your wife it's not necessarily don't contradict.
-- you know what that is who has more power becomes interest and that is his worry however and and look I don't -- pretend to know much about baseball or that the last dodger game I went to I think Fernando Valenzuela was pitching okay it was a long ago.
And it oral -- Kaiser -- forget it.
But I look at this and I remember that I was just interviewing Peter Guber who just bought the Golden State Warriors and he said.
Years ago he tried to -- the Oakland days and they had everything signed an all the money.
And then but she looks at -- So I know there are other -- is -- -- for that but it but it's not really the best way to be handling Major League Baseball.
What was really interest to me it's pissing me is that the Chicago -- just sold for 900 million dollars in -- making you debate whether the stock is worth more bigger building Osce pass these bigger -- -- -- close to four million people in the past so they have.
A storied history in that regard as well in terms of making money.
But I think what it really now becomes is a litmus test you want at least two bidders whether it's Mark Cuban whether it's the group that wants to bring football LA.
Because other owners looking around -- are they gonna have four quarters on the dollar and if that value was down of that franchise telephonic Kansas City Pittsburgh.
I have to worry about big picture when I'm actually worth at that point so this one's -- thrown -- New York -- situation for all the fact that baseball owned the Texas Rangers for a little while last year.
This is not necessarily been a good run and the idea that lawyers are gonna get involved in judges are gonna get involved baseball's had free -- Everything from antitrust on down.
I think it's gonna be interest in legally to find out what baseball has a right to doing doesn't.
But still better be ready for that fight -- reports right or wrong but a hundred million dollars that they took out personally against opera interest is OK are not.
They're dirty laundry is this it has been scared now baseball has to deal with the repercussions and -- everybody in baseball because it's not supposed to happen to a franchise like the doctors it's just not now should I keep the baseball hat though I mean -- still gonna live right.
To keep the hat I don't.
Listen they've been in a post season for the first six years -- in the -- is actually been some success -- -- -- but I promise you there -- dodger fans were absolutely not taken money out of their popped the sport Franken court I'm.
On the -- -- sold and will be an extended period of time you'll have dodger fans coming back just actually declared Ding Dong the witch is dead.
They want to tell you got -- -- baseball hot legal wrangling against Chris good to see you thank you very much Chris didn't need our requests covered at the doctors for.
