Judge approves Dodgers financing

Updated: June 28, 2011, 8:17 PM ET

WILMINGTON, Del. -- A Delaware judge has authorized the Los Angeles Dodgers to enter into a $150 million bankruptcy financing arrangement after the club satisfied certain concerns raised by Major League Baseball.

After trading sharply worded briefs over the proposed financing, attorneys for the league and the team agreed the Dodgers could proceed with their proposed financing on an interim basis pending a July 20 hearing.

The agreement includes reducing a proposed exit ...

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