WILMINGTON, Del. (AP) — A bankruptcy judge said Thursday that he would approve a process for the Los Angeles Dodgers to sell the media rights to future games as part of the team’s plan to exit bankruptcy.
The plan called for the Dodgers to receive initial bids by January 13 and complete the sale by April 30.READ MORE: CBS2 Investigates: Thieves Strip Nearly 40 Catalytic Converters From City Vehicles In North Hollywood
Fox Sports objected to the proposed sale, saying it would violate its rights under an existing contract with the Dodgers. That contract gives Fox an exclusive 45-day period starting in October 2012 to negotiate a new deal.READ MORE: Cold Weather Alert Issued For Lancaster Area
The Dodgers want to move up the timetable for Fox’s exclusive negotiating period, saying a media rights sale now in conjunction with a sale of the team itself is the best way to maximize value for creditors and emerge from bankruptcy.MORE NEWS: Police Offer Rewards For Information Leading To Arrests In Rash Of Jefferson Park Hit-And-Runs
(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)