While the Los Angeles Dodgers have kept dozens of Am Law 200 firms busy amid bankruptcy proceedings and a frenzied auction process that ended Wednesday with a historic $2.15 billion deal, another National League team turned to its longtime outside counsel for advice on a more modest transaction.
Davis Polk & Wardwell is advising the financially strapped New York Mets on the sale of 12 minority stakes in for $240 million in cash, some of which is earmarked to repay loans made to the team by Major League Baseball and Bank of America, according to news reports.
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