Dodgers' debt is $573 million, according to court filing
The team includes the figure in filing its reorganization plan in U.S. Bankruptcy Court. Meanwhile, Oracle founder Larry Ellison's name emerges as another potential bidder for the Dodgers.
By Bill Shaikin
January 20, 2012, 6:39 p.m.
The Dodgers told the U.S. Bankruptcy Court on Friday exactly how much they owe: $573 million.
The team included the figure in filing its reorganization plan, the formal document that explains how a company intends to get out of bankruptcy. For the Dodgers, that means a sale of the team, a process that appears to be getting more competitive by the day.
Larry Ellison, the founder and chief executive of software giant Oracle, has considered pursuing the Dodgers, two people familiar with the matter said Friday. Each person said he did not know whether Ellison would participate in bidding for the team.
--------
In their court filing, the Dodgers said all creditors would be paid in full, primarily with proceeds from the sale of the team. The new owner will inherit deferred player contracts, according to the plan.
http://www.latimes.com/sports/la-sp-dodgers-debt-20120121,0,3216875.story