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May 17, 2012 | By Bill Shaikin
The Dodgers' new owners could reap hundreds of millions of dollars in benefits from the confidential terms of a U.S. Bankruptcy Court settlement between former owner Frank McCourt and Major League Baseball. The terms can be enforced for up to 40 years, with final authority over distribution of the Dodgers' television revenue granted to the court rather than to MLB, according to two people familiar with the sale process but not authorized to discuss it. As a result, the Dodgers' new owners could retain millions each year that otherwise would be shared with other teams.
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SPORTS
May 15, 2012 | By Steve Dilbeck
The disturbing thing is less that they didn't understand the deep-rooted animosity in “that community” toward Frank McCourt  than that they still don't. Or anyway, so they lead you to believe. Given a chance Monday by The Times' T.J. Simers to clarify some confusing early comments, the defensive new owners of the Dodgers somehow instead pulled deeper into their fetal position. More semantics, more dodging, more non-answers. Makes you wonder why they even agreed to the call.
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April 3, 2012 | By Jim Peltz
Dodgers Manager Don Mattingly said Tuesday he hopes to visit with team owner Frank McCourt before the sale of the club is finalized this month. "Hopefully, I get a chance to see him," Mattingly said, adding that he hadn't seen McCourt since the deal was announced. "Frank always — my interaction [with him] was great. " McCourt agreed to sell the Dodgers for $2.15 billion to a group led by the investment firm Guggenheim Partners that also includes Magic Johnson . The deal is expected to close by April 30 after approval from a Bankruptcy Court.
SPORTS
March 28, 2012 | By Dylan Hernandez
PHOENIX -- There was a noticeable buzz in the Dodgers' clubhouse Wednesday morning. The previous night, traveling secretary Scott Akasaki had sent the players a text message informing them that a group led by Magic Johnson had agreed to buy the team. "I think that's tight, man," Matt Kemp said. "For Magic to be one of our owners. He knows what the Dodgers mean to L.A. Of course, Magic is real important to L.A. and the fans love him, so to get him to be a part of the Dodgers organization is a very good thing for us, and I think this is a pretty good day for the Dodgers.
SPORTS
March 28, 2012 | By Sam Farmer
PALM BEACH, Fla. — The astronomical sale price of the Dodgers reverberated across the country Wednesday, and across professional sports leagues, with some NFL owners calling it a $2.15-billion reminder of how valuable the Los Angeles market could be. "I think it reflects the value ? of being involved in the sports business in L.A.," said Dallas Cowboys owner Jerry Jones, heading for the airport at the conclusion of the league's annual meetings at the Breakers hotel. "It should serve to encourage teams and owners to come to L.A. " Steve Tisch, co-owner of the New York Giants and part-time L.A. resident, said the sale "is going to draw a lot of attention to L.A. as a super-valuable market for sports teams.
SPORTS
March 24, 2012 | By Jim Peltz
Here's another sparkling entry in the storied career of Hall of Fame NFL coach Joe Gibbs: His NASCAR team's performance in Fontana. Gibbs driver Joey Logano won the Royal Purple 300 at Auto Club Speedway on Saturday, giving Gibbs a record eight consecutive wins at the two-mile oval in NASCAR's second-level Nationwide Series. The streak "means a lot," said Gibbs, who also has a team in NASCAR's elite Sprint Cup Series that includes Logano. "These things are so hard to win. Southern California, we love coming here.
SPORTS
February 9, 2012 | By Jim Peltz
The multiple-car teams owned by John Force and Don Schumacher dominate drag racing's funny car class, but one-car team owner and driver Cruz Pedregon isn't about to concede an advantage. After finishing a close third in the championship standings last year, Pedregon, 48, is confident he can win his third funny car title this season despite constantly facing the Force and Schumacher entries. "By no means were we disappointed; we were excited" with last year's finish and consider it "a boost, no question" going into this year, he said.
SPORTS
January 22, 2012 | By Bill Shaikin
By the time Cy Young Award winner Clayton Kershaw throws the first pitch of the Dodgers' season April 5, the cloud of uncertainty that has lingered over the team for more than two years should finally have passed. Frank McCourt, no longer fighting to retain control of the Dodgers, has agreed to select his successor as the team's owner by the first week in April. The Dodgers are expected to command a record price for a major league club, and the sale process begins in earnest Monday.
SPORTS
January 10, 2012 | Staff and wire reports
Baseball owners say Commissioner Bud Selig will be offered a contract extension at this week's meetings in Phoenix. ESPN.com first reported that Selig will be offered an additional term when owners meet Wednesday and Thursday in Scottsdale, Ariz. Two owners, speaking on condition of anonymity, told the Associated Press on Tuesday that a new term will be proposed. Owners also intend to approve the completion of the sale of the San Diego Padres from John Moores to Jeff Moorad . Selig, 77, has been commissioner since September 1992 and would surpass Kenesaw Mountain Landis for longest tenure in September 2016.
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