News

L.A. Dodgers sale formally closes - United Press International

05/01/12

Guggenheim, which includes former basketball star Earvin Johnson and hedge fund tycoon Mark Walter, bought the storied franchise from Frank McCourt for a lofty $2.15 billion and will bring it out of Chapter 11 bankruptcy. "The Dodgers emerge ...

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L.A. Dodgers sale formally closes - United Press International

05/01/12

Guggenheim, which includes former basketball star Earvin Johnson and hedge fund tycoon Mark Walter, bought the storied franchise from Frank McCourt for a lofty $2.15 billion and will bring it out of Chapter 11 bankruptcy. "The Dodgers emerge ...

[more]

Dodgers Complete $2 Billion Sale of Team, Exit Bankruptcy - Bloomberg

05/01/12

U.S. Bankruptcy Judge Kevin Gross in Wilmington ... Walter and Johnson own smaller stakes of about 7 percent to 10 percent each, said the person, who declined to be identified because the details aren’t public. Other investors include ...

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Bankruptcy Filing Interrupts Auction of Strip Mall - NBC 29 News

05/01/12

The owners of a strip mall that was supposed to be sold in an auction Tuesday, filed for bankruptcy, suspending the sale of the property and leaving the future of the businesses in the mall on uncertain ground. Six bidders gathered on the steps of the ...

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UPDATE: Tennis Giant Prince Sports Files For Bankruptcy - NASDAQ

05/01/12

Its tennis unit recorded $59 million in sales in 2011, accounting for 83% of the company's revenue, according to a bankruptcy-court filing. Just over half of Prince's sales come from North America. The company has a book value of $54.2 million ...

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Closing of $2B Dodgers sale finalized - FOXSports.com

05/01/12

The $2 billion sale of the Los Angeles Dodgers was finalized Tuesday, ending the tumultuous era under former owner Frank McCourt, who took the team into bankruptcy and made his private life public through a nasty divorce battle with his ex-wife.

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Octomom Files For Bankruptcy "To Do What's Best" For Her Kids - YourTango

05/01/12

She recently posed topless for money, but it wasn't enough to support her family. Nadya Suleman files for Chapter 7 bankruptcy for her $1 million debts. Nadya Suleman, the mother of 14 who is famously known as Octomom, has filed for Chapter 7 bankruptcy.

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Closing of Los Angeles Dodgers sale is finalized - Contra Costa Times

05/01/12

A federal bankruptcy court judge in Delaware approved the sale last month. The Dodgers entered bankruptcy in June 2011 during a bitter dispute with Major League Baseball. At the time, baseball Commissioner Bud Selig refused to approve a new TV ...

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Closing of Los Angeles Dodgers sale is finalized - Contra Costa Times

05/01/12

A federal bankruptcy court judge in Delaware approved the sale last month. The Dodgers entered bankruptcy in June 2011 during a bitter dispute with Major League Baseball. At the time, baseball Commissioner Bud Selig refused to approve a new TV ...

[more]

Closing of Dodgers sale finalized - msnbc.com

05/01/12

A federal bankruptcy court judge in Delaware approved the sale last month. The Dodgers entered bankruptcy in June 2011 during a bitter dispute with Major League Baseball. At the time, baseball Commissioner Bud Selig refused to approve a new TV deal with ...

[more]