L.A. Dodger File Chapter 11 Bankruptcy Protection
STEVE INSKEEP, Host:
It's MORNING EDITION, from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, Host:
NPR's Mike Pesca has more.
MIKE PESCA: McCourt is as defiant today as he was two months ago, when he traveled to New York to meet with the baseball commissioner, who declined to take the meeting.
MONTAGNE: Nobody handed the Dodgers to me, and nobody's going to take it away. I think it is fundamentally wrong for any person to stand in the way of a transaction, which is a sound business transaction.
PESCA: There's ample evidence that Fox knew it was dealing with a desperate buyer going through a divorce, and was therefore paying less than what the Dodgers were worth, says Craig Calcaterra, a lawyer who blogs about baseball at Hardball Talk.
MONTAGNE: It would set a bogey for financial deals from TV stations for Major League Baseball teams at a painfully low level. The Dodger's TV rights should sell much higher. The upfront money from a TV deal should not be going - over half of it should not being going to Frank McCourt and Jamie McCourt's personal financial needs.
PESCA: Mike Pesca, NPR News.
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