MAJOR LEAGUE BASEBALL

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George Steinbrenner sued over Yankees' TV network

George Steinbrenner, longtime owner of the New York Yankees baseball team, was accused in a lawsuit on Friday of fraud and breaching an agreement over the running of his $3 billion cable TV network.

Mets owners will sell due to Madoff losses: author

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The owners of the New York Mets will be forced to sell the pro baseball team due to huge losses suffered in the Bernard Madoff swindle, the author of a book about the disgraced money manager said on Friday.
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David Ortiz tested positive for steroids in 2003

David Ortiz and Manny Ramirez were among the approximately 100 Major League Baseball players who tested positive for performance-enhancing drugs in 2003 according to lawyers who were aware of the results, the New York Times reported on Thursday.
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Ramirez, Ortiz tested positive for doping in 2003: report

Baseball sluggers Manny Ramirez and David Ortiz, who helped the Boston Red Sox end an 86-year World Series title drought in 2004, tested positive for performance-enhancing drugs in 2003, the New York Times reported on Thursday.
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Ricketts, Tribune reach deal for Cubs: source

The Ricketts family has reached a deal to buy the storied Chicago Cubs baseball team from bankrupt media company Tribune Co for slightly less than the original $900 million bid, a source familiar with the deal said on Monday.
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Chicago Cubs talks reopen with rival bidder: sources

Talks to sell the storied Chicago Cubs baseball team have reopened with a rival bidding group, and are continuing alongside negotiations with the original Ricketts family buyers, sources familiar with the situation said on Thursday.
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Deal for Chicago Cubs could close soon: sources

The Ricketts family's $900 million purchase of the Chicago Cubs from Tribune Co could close soon, despite disagreements on the value of broadcast contracts, two sources familiar with the talks said.
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Obama picks Sotomayor for Supreme Court

President Barack Obama nominated Appeals Judge Sonia Sotomayor to the U.S. Supreme Court on Tuesday, selecting a woman who would be the court's first Latino to replace retiring Justice David Souter.
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Major League Baseball awarded geolocation patent

Major League Baseball has won a patent for technology that blocked certain fans from viewing local games online, and it may open the door for the U.S. sports league to profit by licensing it to media companies.
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Manny Ramirez tests positive, suspended 50 games

Manny Ramirez, the Dodgers’ All-Star outfielder, was suspended by Major League Baseball for 50 games on Thursday for violating its performance-enhancing drug testing program, the Major League Baseball said.
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U.S. turns up heat on Madoff clan, wants assets

U.S. prosecutors raised the pressure on jailed swindler Bernard Madoff's family on Tuesday, signaling their intent to ask for $31.5 million from loans to his sons and $2.6 million worth of his wife's jewelry.
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Liberty to lend Sirius $530 million, get 40 percent stake

NEW YORK - Mel Karmazin's Sirius XM Radio Inc won a reprieve from its debt deadlines on Tuesday after Liberty Media Corp agreed to lend $530 million to help the satellite radio provider fend off bankruptcy. In return, Liberty, controlled by cable mogul John Malone, stands to take a controlling 40 percent equity stake in Sirius XM, the second largest U.S. subscription service after cable company...
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Giants in full force again as Clark Rejoins

San Francisco Giants' former first baseman Will Clark - one of the most popular players in history of Giants is rejoining the clubs as a special assistant in the front office.

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