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Wednesday, May 09, 2012

How The Dodgers Bankruptcy Provided A Template For Sports Franchises Looking For Top Dollar

Sue Zeidler in Reuters pens an interesting article that considers how the Dodgers bankruptcy has provided a template for getting top dollar for owners looking to sell sports franchises for top dollar.
By filing in bankruptcy court, the Dodgers were able to thwart efforts by the league to control the sale process, they say, and to increase the price they likely would have gotten if the league had assumed its traditional role of handpicking the winning bid.

...

"Chapter 11 is a place where you can neutralize league issues to allow auctions to go forward," said [Texas Rangers attorney Martin] Sosland.

Whether those valuations will hold up in the long run is another matter entirely, and I would bet they don't.

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