WILMINGTON, Del. (AP) — A bankruptcy judge has approved the disclosure statement outlining the Los Angeles Dodgers’ proposed bankruptcy reorganization plan.
The judge’s approval came following a hearing in Delaware on Wednesday.
The only creditor allowed to vote on the plan is LA Partners LLC, the parent company of LA Holdco LLC. Holdco, in turn, is the sole member of the Los Angeles Dodgers Holding Co.
According to court documents, LA Partners is a wholly owned subsidiary of The McCourt-Broderick Limited Partnership, in which Dodgers owner Frank McCourt owns a 90 percent interest and is the sole limited partner. The McCourt Co. is the sole general partner in TMBLP and owns the remaining 10 percent.
The voting deadline is March 16, and a hearing to decide whether to confirm the plan is set for April 13.
