Bankruptcy Filing

The Los Angeles Dodgers LLC filed a Chapter 11 bankruptcy case number 11-12010 in the U.S. Bankruptcy Court for the District of Delaware.   In addition, closely related entities, LA Holdco, LLC, LA Real Estate Holdings Co. LLC, LA Real Estate LLC and Los Angeles Dodgers Holding Company LLC filed petitions as well.  A motion to consolidate those cases into one bankruptcy case was filed and it appears that given that these entities are McCourt owned entities with similar operations it should be granted. 

The Voluntary Petition signed by the attorney of record, Robert S. Brady, Esq. of Young Conaway Stargatt & Taylor LLP, a Wilmington, Delaware law firm, and Jeffrey D. Ingram, VP and Assitant Treasurer of the Los Angeles Dodgers LLC was filed.  In addition, a Written Consent to file bankruptcy was filed signed by Mr. Ingram as the agent.  Finally, a consolidated list of the 40 largest creditors was filed naming mostly players and formers players highlighted by a $20,992,086 claim of Manny Ramirez, a $11.075,000 claim of Andruw Jones, #1 and #2 largest creditors, respectively, and $152,778 owed to Vin Scully on his current contract.