The great Horatio Alger story of our time -- boy leverages it all, boy fritters it away while ignoring his obligation to the fans of the regional treasure that he owns, boy becomes a billionaire anew for no good reason -- might not be complete just yet. The Los Angeles Times is reporting that the Los Angeles Times is asking a court to unseal the agreements that the new Dodgers owners have with Frank McCourt regarding the land surrounding Dodger Stadium. Presumably for a story in the Los Angeles Times.
From the Los Angeles Times:
The Dodgers have asked the U.S. Bankruptcy Court for permission to file those conditions under seal, citing the "sensitive non-public commercial information" within. Attorneys for The Times argued that the Dodgers have not provided any evidence to support that claim or shown why it should outweigh "the well-established presumption of public access to judicial records."
Frank McCourt agreed last month to sell the Dodgers to Guggenheim Baseball Management in a $2.15-billion deal under which McCourt and Guggenheim will jointly own the parking lots that surround the stadium. The lots are owned by a McCourt entity that is not part of the bankruptcy filing, so Dodgers attorneys have said that details of the joint venture need not be disclosed in Bankruptcy Court.
What sort of deal did the new Dodgers owners give to McCourt in order to share the parking lots? What plans do the Dodgers have for the land? That's what the Los Angeles Times wants to find out. They're arguing that the public has a right to know, and that they should get the opportunity to read about it in the Los Angeles Times.
(Hat-tip: Los Angeles Times.)