L.A. Dodger File Chapter 11 Bankruptcy Protection Team owner Frank McCourt says bankruptcy was the only option after Major League Baseball rejected a television deal with Fox Sports.
NPR logo

L.A. Dodger File Chapter 11 Bankruptcy Protection

  • Download
  • <iframe src="https://www.npr.org/player/embed/137466545/137466592" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
L.A. Dodger File Chapter 11 Bankruptcy Protection

L.A. Dodger File Chapter 11 Bankruptcy Protection

L.A. Dodger File Chapter 11 Bankruptcy Protection

  • Download
  • <iframe src="https://www.npr.org/player/embed/137466545/137466592" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Team owner Frank McCourt says bankruptcy was the only option after Major League Baseball rejected a television deal with Fox Sports.

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.

Copyright © 2011 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.