One thing that always confused me about these rankings is these franchise values is that many owners own different entities (club, stadium, broadcasts) in different corporations.
Take the Bruins for example. They are owned by the Boston Professional Hockey Association, Inc. The arena and associated parking and building lots, as well as the concessions are owned by Delaware North, and the 20% share in NESN is owned by Jacobs himself. So yea, the value of the Boston Bruins franchise might be along the lines of the Forbes estimate, but when you sell along with it the building and network, the worth goes sky high.
The Los Angeles Dodgers filed a [Chapter 11 bankruptcy] revised reorganization plan on Friday and said they are on track to exit bankruptcy as planned by April 30.
The $2 billion purchase price includes about $412 million of existing debt financing that will remain in place. The balance, just under $1.6 billion, will be paid in cash from equity financing by the owners and affiliates of Guggenheim, which has provided a cash deposit of about $159 million.
The April 30 date was included in a settlement that resolved a dispute between the Dodgers and Major League Baseball over the team's bankruptcy. It coincides with the deadline for current owner Frank McCourt to pay $131 million to his ex-wife, Jamie, as part of their divorce settlement.
The judge presiding over the bankruptcy case has scheduled a hearing next Friday to consider whether to confirm the plan.
Friday's hearing helped resolve a number of lingering issues ahead of the team's sale. Fox, the team's current broadcaster, had wanted written assurance that competitor Time Warner Cable was not contributing funds being used for the purchase. Lawyers for the Dodgers agreed to do that.
Friday's hearing dragged into the evening, however, as lawyers for the Dodgers and Major League Baseball sparred over the information being given to the league about the plan. A lawyer for Major League Baseball said the league has issues with the plan and is owed more information. A Dodgers lawyer said the team has met all the criteria to have the plan confirmed, and the judge agreed.