At ESPNLosAngeles.com, Josh Fisher previews Wednesday’s bankruptcy hearing for the Dodgers:
… On Wednesday, Judge Kevin Gross will decide whether McCourt can shepherd the Dodgers through their bankruptcy using McCourt-arranged financing. In McCourt’s favor is the strong deference bankruptcy courts usually show debtors who secure their own financing. Working against him is Major League Baseball’s proposal to fund the team’s operations at a much lower cost. Coupled with allegations of McCourt mismanagement, baseball could increase its influence on the Dodgers by convincing the court to deny McCourt his own financing.
Gross’ ruling on the issue has two layers of importance. First, from a technical standpoint, forcing McCourt to accept MLB financing paves the way for Selig to exert control over the Dodgers should McCourt fail to follow baseball’s terms. Second, because of the great deference typically shown debtors to exercise their own business judgment in these scenarios, a ruling against McCourt would be a strong message that Gross lacks faith in McCourt’s ownership. A pro-MLB decision Wednesday would not end the McCourt era, but it would be a damaging blow. …
Bill Shaikin of the Times has more.
The early-in-the-day bankruptcy hearing will be followed by a probable bankruptcy of runs at 12:45 p.m. Wednesday when Clayton Kershaw faces Tim Lincecum.
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Shawn Green will be signing copies of his book, “The Way of Baseball: Finding Stillness at 95 mph” at 6:30 p.m. August 3 at downtown’s ESPN Zone.