Report: Fox floats Dodgers’ McCourt $30 million loan
Sunday, April 17, 2011 | 6:32 amLOS ANGELES — Fox has extended Dodgers owner Frank McCourt a million loan that will allow him to meet the club’s payroll obligations for the next month, according to a report by the Los Angeles Times’ Bill Shaikin. The report, which can be found here, cited three sources who were “briefed on the arrangement.”
Major League Baseball declined comment according to the report. Selig earlier rejected a reported 0 million loan from Fox to the Dodgers using future broadcast rights (2014-17) as collateral. This was, according to Shaikin, a personal loan and not subject to the commissioner’s approval
Bottom line: Stay tuned. The off-field financial and ownership ramifications just keep getting curiouser and curiouser. (And if the empty seats continue to be as plentiful as they evidently were Friday night, when the announced crowd was 36,282 … well, if fans want McCourt out, this might present their opportunity to help make it happen.)
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(posted in Pro Sports | tagged Dodgers, floats, loan, McCourt, million, Report)
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