Los Angeles Dodgers, Fox Sports Reach Agreement
The Los Angeles Dodgers and Fox Sports Net West 2, LLC (“Fox Sports” or “Prime Ticket”) announced that they have reached an agreement resolving various disputes regarding the Dodgers’ telecast rights. The agreement, which has been filed with the U.S. Bankruptcy Court in Delaware, resolves the differences between the Los Angeles Dodgers and Fox Sports on terms that are said to be satisfactory to both parties.
“This agreement is a significant step towards a successful sale of the Los Angeles Dodgers,” stated the club in a release. “It resolves all of the parties’ differences relating to the Telecast Rights Agreement with Fox. This consensual resolution of all disputes between the Debtors and Fox will enable the sale of the Dodgers to proceed forward, free of any uncertainty relating to the various issues under dispute, with the continued objective of maximizing value for the Debtors and their estates.”
“We are pleased that these matters between our two organizations have been resolved,” Fox Sports stated in an official release. “We were never in favor of litigation, but it was imperative that we protect our exclusive media rights. Under the terms of the settlement, Fox’s media rights remain in place and we look forward to working with new ownership on future television rights discussions.”