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Selig All Too Familiar with the Complexities of Bankruptcy
As this article on bankruptcy and the differences between Chapter 7 and Chapter 11 points out, Bud Selig has firsthand knowledge of a team going bankrupt. He bought the Pilots for $10.8 million and transformed them into the Brewers. He knows that bankruptcy is not necessarily the death knell for a team that he professes it to be.
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