Posted by Isabella on 12:13 PM
Reuters: Bankruptcy News | Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com | |
L.A. Dodgers completes sale, ends bankruptcy May 1st 2012, 17:49 Tue May 1, 2012 1:49pm EDT May 1 (Reuters) - The Los Angeles Dodgers baseball team completed its $2 billion sale to Guggenheim Baseball Partners LLC and emerged from bankruptcy, the team said on Tuesday. The deal is the richest in U.S. sports history and ends a contentious 10-month Chapter 11 bankruptcy that pitted former team owner Frank McCourt against Major League Baseball in a battle for control of the Dodgers. The Dodgers new ownership group includes basketball great Earvin "Magic" Johnson. | |
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