L.A Dodgers file for bankruptcy
(Reuters) - Los Angeles Dodgers file for Chapter 11 bankruptcy, according to a court filing on Monday.
Highlights:
* Los Angeles Dodgers file in U.S. bankruptcy court in Delaware
* Los Angeles Dodgers have between $500 million-$1 billion assets, between $100 million-$500 million liabilities -- bankruptcy petition
* Los Angeles Dodgers say largest unsecured creditors include Manny Ramirez, Andrew Jones
* Los Angeles Dodgers owner Frank Mccourt says bankruptcy resulted from MLB commissioner Selig's refusal to approve transaction with fox
* Los Angeles Dodgers say have sufficient committed financing to meet all its short-term expenses
* Los Angeles Dodgers say have received commitment for $150 million financing to keep operating while in bankruptcy
* Los Angeles Dodgers seeking court permission to keep paying employee salaries and benefits, signing players, paying vendors * Los Angeles dodgers say bankruptcy filing also covers la real estate llc, which owns dodger stadium, and three other entities
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