« Barmes Hopes To Remain With Astros Beyond 2011 | Main | This Date In Transactions History: Randy Wells »

Dodgers Could Soon Reach Financial "Tipping Point"

7:41pm: Bill Shaikin of The Los Angeles Times reports that McCourt took a $30MM loan from FOX this week, which will cover the Dodgers' expenses and payroll obligations into next month. Shaikin clarifies (on Twitter) that MLB's approval is not needed for personal loans, which this was.

1:07pm: Although the Dodgers increased payroll from $83MM last season to over $95MM this year, the team still has serious financial concerns as the McCourts continue with their divorce. ESPN's Buster Olney (Insider req'd) hears from a high-ranking executive that the team could soon reach its financial "tipping point," since payroll obligations must be met during the second and fourth weeks of the season.

As if the divorce wasn't enough, owner Frank McCourt was recently sued by the Boston law firm Bingham McCutchen. McCourt had sent representatives to meet with the commissioner's office about a proposed plan that includes a TV deal with FOX (that would advance him $200MM) and would allow him to preserve control of the team, but they're still waiting on a decision. Fellow owners aren't pleased with the situation, reportedly.

This past week was the second full week of the 2011 baseball season.








Lijit Search




Enter your email address:

Delivered by FeedBurner







NAVIGATION

Site Map
Archives
Feeds by Team

MLBTR INFO

Advertise
About
Commenting Policy
Privacy Policy

CONNECT

Contact Us
Widget
Twitter
Facebook
Rss Feed


MLB Trade Rumors is a partner of FanVsFan. MLB Trade Rumors is not affiliated with Major League Baseball, MLB or MLB.com.