Judge nixes Dodgers financing plan
A Delaware judge on Friday rejected the Los Angeles Dodgers’ proposed $150-million bankruptcy financing plan, directing the team to instead negotiate a loan deal with Major League Baseball.
Judge Kevin Gross said in an eight-page order that the team had failed to show the terms of its secured financing with hedge fund Highbridge Capital were fair, given the more favourable financial terms in MLB’s unsecured loan offer.
The Dodgers previously rejected MLB’s offer and had refused to
Judge Kevin Gross said in an eight-page order that the team had failed to show the terms of its secured financing with hedge fund Highbridge Capital were fair, given the more favourable financial terms in MLB’s unsecured loan offer.
The Dodgers previously rejected MLB’s offer and had refused to
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