June 27, 2011
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.'"