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LA Dodgers file for Chapter 11 bankruptcy
streetinsider.com ^ | 6/27/11 | streetinsider.com

Posted on 06/27/2011 6:04:52 AM PDT by Keith in Iowa

LA Dodgers file for Chapter 11 bankruptcy

headline only so far - CNBC says it's in a Delaware court...


TOPICS: Sports
KEYWORDS: baseball; dodgers; selig
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1 posted on 06/27/2011 6:04:56 AM PDT by Keith in Iowa
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To: Keith in Iowa

I hear there is a nice place for them off the Belt Parkway in Brooklyn. Come on home boys, you belong here.


2 posted on 06/27/2011 6:08:49 AM PDT by Bringbackthedraft (The storm clouds of war are on the horizon, 1939 is again approaching us.)
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To: Keith in Iowa

I hope Pelosi has a lot of stock in them.


3 posted on 06/27/2011 6:09:26 AM PDT by thethirddegree
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To: Keith in Iowa
LA Dodgers file for Chapter 11 bankruptcy
'Da Bums.
4 posted on 06/27/2011 6:09:26 AM PDT by oh8eleven (RVN '67-'68)
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To: Keith in Iowa

Part of the reason might be that they don’t charge enough for their tickets. Last time I went to Dodger stadium, the tickets were only $65 each (compared to $200 at Fenway, not including parking).


5 posted on 06/27/2011 6:09:45 AM PDT by SamAdams76
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To: Bringbackthedraft

Yeah, they can even restart the post game “knot hole bunch”.


6 posted on 06/27/2011 6:14:38 AM PDT by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: Keith in Iowa

As a fan of the WORLD CHAMPION SF GIANTS, I’m quite happy to hear this!


7 posted on 06/27/2011 6:15:00 AM PDT by ScottinVA (Imagine.... a world without islam.)
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To: Bringbackthedraft

that would be awesome.


8 posted on 06/27/2011 6:17:31 AM PDT by raygunfan
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To: Bringbackthedraft

that would be awesome.


9 posted on 06/27/2011 6:19:59 AM PDT by raygunfan
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To: SamAdams76

If the Dodgers tried to charge Fenway prices, they’d play to a totally empty ballpark instead of a half empty park.

This is almost entirely related to the McCourt’s divorce and their mismanagement of the team.


10 posted on 06/27/2011 6:20:52 AM PDT by MediaMole
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More...

A mere three days before the payroll comes due — payroll that Frank McCourt can’t meet — the Dodgers have filed for bankruptcy, reports Richard Sandomir. With that, the legal game begins.

Obviously the situation is fluid, and more details will stream in as the morning and day progresses, but for the time being, this could buy McCourt some time. Why? because a bankruptcy filing puts a halt on all legal action with respect to the bankruptcy estate (i.e. the Dodgers). McCourt will certainly argue that this will prevent a takeover from Major League Baseball, though the court may decide differently when it gets a chance to weigh in, likely in the next few days.

11 posted on 06/27/2011 6:22:13 AM PDT by Keith in Iowa (FR Class of 1998 | TV News is an oxymoron. | MSNBC = Moonbats Spouting Nothing But Crap.)
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To: SamAdams76
-"Last time I went to Dodger stadium, the tickets were only $65 each (compared to $200 at Fenway, not including parking)."

"$200" ?? - Sounds more like 'gouging'. Phillies face-value tickets for First Base Line / lower level / Row 30 .... $55

12 posted on 06/27/2011 6:23:44 AM PDT by The Bronze Titan
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To: Keith in Iowa
CNBC says it's in a Delaware court

The Dover Dodgers - that has a nice ring to it...

13 posted on 06/27/2011 6:33:27 AM PDT by G L Tirebiter
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To: Keith in Iowa

Quotes from McCourt...

http://financial.businessinsider.com/siliconalleymedia.clusterstock/news/read?GUID=18825108


14 posted on 06/27/2011 6:34:52 AM PDT by Keith in Iowa (FR Class of 1998 | TV News is an oxymoron. | MSNBC = Moonbats Spouting Nothing But Crap.)
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To: SamAdams76

Red Sox , Yankees & Cubs tickets are the most expensive in baseball. One of the main reason Fenway/Wrigley tickets command a premium is the size of the stadium.
One of the Padre’s games last week there were 38K at Fenway.
That was the highest attendance in 60 years.

This leads to fans flying to Philly, Balt, Tampa,etc,. to watch the sox play. Weekend games are the hardest to get, especially the afternoon starts. I just got outbid on EBAY for the 7/10 game at almost twice face value and they are playing the O’s. Interleague games are even harder to get.


15 posted on 06/27/2011 6:35:19 AM PDT by woodbutcher1963
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To: SamAdams76

Don’t often hear someone root for higher ticket prices.

Here in NY they’ve passed my price point.

Couldn’t really care how high they go now. Just not worth it.


16 posted on 06/27/2011 6:37:33 AM PDT by PBRSTREETGANG
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SeeBS News has a take on it... if anyone cares what THEY have to say....

http://www.cbsnews.com/stories/2011/06/27/sports/main20074632.shtml


17 posted on 06/27/2011 6:46:12 AM PDT by Keith in Iowa (FR Class of 1998 | TV News is an oxymoron. | MSNBC = Moonbats Spouting Nothing But Crap.)
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To: SamAdams76
Part of the reason might be that they don’t charge enough for their tickets.

Okay, what planet are you on?

18 posted on 06/27/2011 6:49:27 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: Keith in Iowa
Certainly one of the biggest reasons for the filing is to prevent MLB from taking over, that and the fact that they cannot meet their payroll. But there are going to be some interesting things happening here since a ch 11 debtor has the right to reject executory contracts. I wonder if there are any players on the team the Dodgers regret signing and cannot trade away.
19 posted on 06/27/2011 6:49:56 AM PDT by PUGACHEV
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To: The Bronze Titan
Cheapest seats here at PNC Park are $9 in the nosebleed section of right field-- the only bad seats in the entire house, but best seats for the fireworks.

Last year, you could pick them up from scalpers outside the park for $5 easily. This year, not so easily. All you can eat seats are $35.

We just took two out of three from the Red Sox, full house each time.

20 posted on 06/27/2011 7:12:25 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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