The Los Angeles Dodgers, set to end court oversight of the club about 10 months after filing for bankruptcy, won permission to sell the Major League Baseball team for a record $2.15 billion.
U.S. Bankruptcy Judge Kevin Gross in Wilmington, Delaware, approved the Dodgers’ reorganization plan, which is built on the sale of the team to a group including former basketball player Magic Johnson, Guggenheim Partners Chief Executive Officer Mark Walter and former Atlanta Braves and Washington Nationals President Stan Kasten. Walter will be the controlling member of the group, according to court documents.
Dodgers Win Approval for Team’s Sale and Bankruptcy Exit – Bloomberg:
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