With Major League Baseball taking over the operation of the Los Angeles Dodgers, the team’s $3 billion broadcast agreement with Fox is at stake, Bloomberg reports.
MLB’s yet-to-be-named trustee for the team may need to approve the agreement, according to the story.
“The trustee would take a very serious look at that deal and could very well void it,” Neal Pilson, a former president of CBS Sports, said, although he noted that he doesn’t know the details. Any TV deal struck by Dodgers owner Frank McCourt must be approved by MLB, the story says.
The 20-year deal is worth about $3 billion, and proceeds could be used by McCourt to reduce debt and settle a property dispute with his former wife, the story says.
MLB took over business operations of the team, which is dealing with debt as well as a fight over whether Frank McCourt or his former wife, Jamie, owns the team, the piece notes.