What does the Texas Rangers bankruptcy case mean for the Dodgers?
One very significant aspect of the Rangers’ foray into bankruptcy court is that the judge has ordered the team sold at auction. This conflicts with Major League Baseball’s constitution, which requires the affirmative vote of at least 75 percent of ownership before allowing control of a team to change hands. Should the court-ordered sale go through, MLB’s ability to restrict sales by requiring ownership approval will be weakened. This is good news for Jamie McCourt, who is unlikely to ever gain the votes necessary to own a team under the current system. She has maintained her ability to assemble an investment group capable of buying out Frank’s interest in the Dodgers. If the court orders the club sold, and Jamie can pony up the cash, she might rely on the Rangers’ sale to get past ownership approval.
