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IN RE TEXAS RANGERS BASEBALL PARTNERS

No. 10-43400 (DML).

434 B.R. 393 (2010)

In re TEXAS RANGERS BASEBALL PARTNERS, Debtor.

United States Bankruptcy Court, N.D. Texas, Fort Worth Division.

June 22, 2010.

Attorney(s) appearing for the Case

Martin A. Sosland , Weil, Gotshal & Manges, LLP, Dallas, TX, Ronit J. Berkovich , Weil, Gotshal & Manges, LLP, New York, NY, J. Robert Forshey , Jeff P. Prostok , Forshey & Prostok, LLP, Fort Worth, TX, for Debtor.

Lisa Laura Lambert , Meredyth Kippes , Office of the United States Trustee, Dallas, TX, for United States Trustee.

Daniel I. Morenoff , Jeffrey R. Fine , K & L Gates LLP, Dallas, TX, for Official Committee of Unsecured Creditors.

Michael Joseph Small , Foley & Lardner LLP, Chicago, IL, Craig H. Averch , White & Case, L.L.P., Los Angeles, CA, Robert A. Simon , Barlow, Garsek & Simon, LLP, Fort Worth, TX, Mary K. Braza , Foley & Lardner, Milwaukee, WI, for Rangers Baseball Express, LLC.

Thomas K. Schulte , David A. Sullivan , Jennifer C. DeMarco , Andrew Brozman , Jeff E. Butler , Laura J. McLaren , Clifford Chance U.S. LLP, New York, NY, Holland N. O'Neil , Andrew G. Spaniol , Gardere Wynne Sewell, LLP, Dallas, TX, for GSP Finance LLC.

Stephen J. Shimshak , Philip A. Weintraub , Jordan E. Yarett , Brad S. Karp , Diane Meyers , William B. Michael , Erica G. Weinberger , Susanna M. Buergel , Paul, Weiss, Rifkind, Wharton, & Garrison LLP, New York, NY, Briana Leigh Cioni , Peter C. D'Apice , Heather J. Panko , Stutzman, Bromberg, Esserman & Plifka, PC, Dallas, TX, for Office of the Commissioner of Baseball.

Melinda C. Franek , Joseph S. Fabiani , Latham & Watkins, LLP, New York, NY, Scott Mark DeWolf , Rochelle McCullough L.L.P., Dallas, TX, for JP Morgan Chase.

Dennis F. Dunne , Dennis C. O'Donnell , Milbank, Tweed, Hadley & McCoy LLP, New York, NY, Andrew M. Leblanc , Aaron L. Renenger , Milbank, Tweed, Hadley & McCoy LLP, Washington, DC, Daniel C. Steward , Vinson & Elkins, L.L.P., Dallas, TX, for Ad Hoc Group of First Lien Lenders.

Memorandum Opinion

DENNIS MICHAEL LYNN, Bankruptcy Judge.

By order dated June 2, 2010 (the "June 2 Order"), the court posed five questions pertinent to the confirmability of the Prepackaged Plan of Reorganization of Texas Rangers Baseball Partners under Chapter 11 of the Bankruptcy Code filed by Debtor (the "Plan")1 and invited interested parties to address those issues by briefs and at a hearing held on June 15...

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