A Delaware judge has rejected the Dodgers proposed $150 million bankruptcy financing plan. The judge issued his eight-page decision which will, probably, mean the MLB plan could be the next step in the process.
The team had sought approval of its proposed arrangement with hedge fund Highbridge Capital, but the league's idea had better financing.
The Dodgers rejected MLB's offer thinking and proposing Commissioner Bud Selig was going to take over the team and force a sale to someone not linked directly to Frank McCourt.
More when we know more...
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