Judge Allows Frank McCourt to Get Loan

June 29, 2011

Judge Allows Frank McCourt to Get Loan
Los Angeles Dodgers owner Frank McCourt can move ahead with a $ 150 million loan to meet payroll and cover bills, but a hearing will be held next month on an alternate financial proposal by Major League Baseball, attorneys involved in the team’s bankruptcy case agreed today.  
Read more on FOX 29 Philadelphia

McCourt’s control of Dodgers in hands of court
Bankruptcy Judge Kevin Gross will need to choose between Frank McCourt’s preferred loan or an offer from MLB.
Read more on Yahoo! Sports via Yahoo! Sports

Tags: , , , ,