The Christian Science Monitor Quotes Special Counsel Benjamin D. Feder on Dodgers Bankruptcy

The Christian Science Monitor article, ​“Bankruptcy Protection Sought by Dodgers: Will It Affect Ownership of the Team?” reported on different experts views of the filing by L.A. team owner, Frank McCourt.

“Bankruptcy lawyer Benjamin Feder of Kelley Drye & Warren in New York says McCourt and his lawyers face a ​‘very uphill battle.’ One of the key hurdles for McCourt to succeed is to get a court to basically suspend MLB’s [Major League Baseball] by-laws, which give it enormous power over who owns a franchise and how they run it.”

Mr. Feder also discussed bankruptcies of the Texas Rangers baseball franchise and the Phoenix Coyotes hockey team.

The article concluded, ​“Feder, however, says McCourt’s move ​‘is the type of step you take when you have nothing left at this point.’ ”