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Reply #1: $30 million loan from FOX in order to make team payroll. [View All]

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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-20-11 04:20 PM
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1. $30 million loan from FOX in order to make team payroll.
As has been recently reported, Frank McCourt took a $30 million loan from FOX in order to make team payroll. Clearly this doesn’t sit will with Selig, who has already gone on record against Frank McCourt using the Dodgers’ TV rights as a means of resolving his personal financial problems. Problems, as everyone who follows the Dodgers knows, stem from McCourt’s over-leveraging of the team combined with his costly divorce from his wife who, as it currently stands, is legally part owner of the Dodgers.
http://hardballtalk.nbcsports.com/2011/04/20/breaking-mlb-to-take-over-the-dodgers-financial-operations/
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