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Dodgers owner receives $30M loan from Fox

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08:31 AM ET 04.17 | Frank McCourt took a $30-million loan from Fox to meet the Dodgers' payroll obligations last week, according to three people briefed on the arrangement. The loan marks the second time since the end of last season that Fox has provided money to the Dodgers owner so he could cover expenses. The loan was furnished to McCourt personally rather than to the debt-strapped Dodgers, so the arrangement did not require Commissioner Bud Selig's approval, according to the people briefed on the deal.

Los Angeles Times

Frank McCourt, Kevork Djansezian/Getty Images Frank McCourt, Kevork Djansezian/Getty Images
April 17, 2011  10:40 AM ET

At what point can the commissioner force this deadbeat to sell the team? He's making a mockery of one of the iconic franchises in the sport.

April 17, 2011  11:13 AM ET
QUOTE(#5):

At what point can the commissioner force this deadbeat to sell the team? He's making a mockery of one of the iconic franchises in the sport.

It's past time for them to at least look at that possibility!

April 17, 2011  11:43 AM ET
QUOTE(#5):

At what point can the commissioner force this deadbeat to sell the team? He's making a mockery of one of the iconic franchises in the sport.

Exactly. How can Selig NOT have to approve a loan ? What if the conditions were such that if not paid back in a certain amount of time the group/person that made the loan now takes over the team?

April 17, 2011  11:47 AM ET
QUOTE(#7):

Exactly. How can Selig NOT have to approve a loan ? What if the conditions were such that if not paid back in a certain amount of time the group/person that made the loan now takes over the team?

...or he started borrowing money from organized crime figures?

April 17, 2011  12:07 PM ET

Its a sad sad day when networks (who already have too much control in sports) are allowed to loan out money to clubs or club owners. This "cannot" be a good thing and must be addressed.

April 17, 2011  12:14 PM ET
QUOTE(#10):

Its a sad sad day when networks (who already have too much control in sports) are allowed to loan out money to clubs or club owners. This "cannot" be a good thing and must be addressed.

lol gee i wonder what would come of this...

April 17, 2011  12:41 PM ET
QUOTE(#5):

At what point can the commissioner force this deadbeat to sell the team? He's making a mockery of one of the iconic franchises in the sport.

I remember when he bought the team....

April 17, 2011  12:56 PM ET

Gots to pay off all those LAPD he's hired to protect against lawsuits!

April 17, 2011  02:08 PM ET

I don't think 30 million will pay off what they still owe Manny Ramirez and Andruw Jones.

April 17, 2011  02:36 PM ET
QUOTE(#12):

lol gee i wonder what would come of this...

possibilites are too scary to even think about

April 17, 2011  02:43 PM ET

Sounds like he is elgible for a government bailout.

April 17, 2011  03:49 PM ET

i'm sure joe buck and that fool tim mccarver will have a field day with this. who's gonna lend the wilpons some dough is the question mlb should be asking itself. maybe sny? check out my last yankee-related post on: http://absurdityinthemundane.com/.

April 17, 2011  04:07 PM ET

Long live the "McCourt Era" in Dodgertown... I can't think of a franchise that deserves it more!

Go Giants!

April 17, 2011  04:19 PM ET

How much of that $30M will go to the divorce lawyers ... ?

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April 17, 2011  08:38 PM ET

Time to sell ! I got 10 bucks

 
Comment #33 has been removed

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