01/03/12 8:56 PM EST
Dodgers extend deadline to bid on team
By Ken Gurnick / MLB.com
The new deadline is Jan. 23. The sale agreement between the Dodgers and MLB calls for owner Frank McCourt to present a winning bidder on April 1, with the sale closing April 30.
Potential bidders received confidential financial information from the club two weeks ago.
Still to be determined is whether the club's future broadcasting rights will also be auctioned, as the Dodgers desire and a U.S. bankruptcy court approved. However, that ruling is being challenged by FOX Sports, which holds the current rights and has appealed to a U.S. District Court, which issued an emergency stay to stop marketing of the rights and will hear arguments Jan. 12.
Ken Gurnick is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.