{"id":16613,"date":"2011-06-27T14:57:09","date_gmt":"2011-06-27T19:57:09","guid":{"rendered":"https:\/\/www.playingfieldpromotions.com\/blog\/?p=6238"},"modified":"2021-08-16T18:07:44","modified_gmt":"2021-08-16T18:07:44","slug":"l-a-dodgers-file-for-chapter-11-bankruptcy-protection","status":"publish","type":"post","link":"https:\/\/www.sportsspeakers360.com\/blog\/l-a-dodgers-file-for-chapter-11-bankruptcy-protection","title":{"rendered":"L.A. Dodgers File for Chapter 11 Bankruptcy Protection"},"content":{"rendered":"<p>The Los Angeles Dodgers filed for protection under Chapter 11 of the U.S. Bankruptcy Code in Delaware Monday, blaming Major League Baseball for refusing to approve a multibillion-dollar TV deal that owner Frank McCourt was counting on to keep the troubled team afloat.<\/p>\n<p><object classid=\"clsid:d27cdb6e-ae6d-11cf-96b8-444553540000\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=6,0,40,0\" width=\"481\" height=\"303\"><param name=\"allowFullScreen\" value=\"true\"><param name=\"allowscriptaccess\" value=\"always\"><param name=\"src\" value=\"http:\/\/www.youtube.com\/v\/Eb7Al82zrig?version=3&amp;hl=en_US\"><param name=\"allowfullscreen\" value=\"true\"><\/object><\/p>\n<p>McCourt believes the bankruptcy will allow him the time to secure funding for his team while protecting his ownership against Major League Baseball\u2019s advances.<!--more--><\/p>\n<p>Yahoo Sports reports<\/p>\n<blockquote><p>McCourt also announced he\u2019d \u201creceived a commitment\u201d for another $150 million in financing \u2013 a loan taken outside the authority of baseball \u2013 that would allow him to pay his players and employees, run the day-to-day operations of the club and acquire more players.<\/p>\n<p>Creditors listed in the filing include Manny Ramirez(nearly $21 million), who last played for the team in 2010, Andruw Jones ($11 million), the Chicago White Sox ($3.5 million), Continental Airlines ($339,000), the City of Los Angeles ($240,000) and Vin Scully ($153,000)<\/p><\/blockquote>\n<hr>\n<p>PFP Sports and Celebrity Talent Agency is a speakers bureau and top booking agent for <a title=\"MLB speakers\" href=\"http:\/\/www.playingfieldpromotions.com\/sports-speakers\/baseball.php\" target=\"_blank\" rel=\"noopener\">MLB speakers<\/a>, <a title=\"sports speakers\" href=\"http:\/\/www.playingfieldpromotions.com\/\" target=\"_blank\" rel=\"noopener\">sports speakers<\/a>, athlete appearances, endorsement deals and celebrity bookings. For information on booking a baseball speaker or athlete appearance, call 1.800.966.1380<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Los Angeles Dodgers filed for protection under Chapter 11 of the U.S. Bankruptcy Code in Delaware Monday, blaming Major League Baseball for refusing to approve a multibillion-dollar TV deal that owner Frank McCourt was counting on to keep the troubled team afloat. McCourt believes the bankruptcy will allow him the time to secure funding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-16613","post","type-post","status-publish","format-standard","hentry","category-baseball-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>L.A. 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