What Bank Of America Learned From Its Loan To Frank McCourt
When Frank McCourt bought the Los Angeles Dodgers and other assets from News Corp. for $ 421 million in 2004, Bank of America loaned McCourt $ 225 million, to seal the deal, or over half the enterprise value. We’ve written about the serious problems that have come from McCourt’s highly leveraged purchase.
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Dodgers Call Up Prospect Dee Gordon, Activate Juan Uribe, Make 738 Other Moves
Someone in the Los Angeles Dodgers ‘ front office is on salary, because if they were getting paid by the transaction, there wouldn’t be mass updates like this … The #Dodgers optioned Ivan De Jesus and John Ely and designated Jay Gibbons and Juan Castro for assignment. … and this … The club activated Uribe, Hawksworth and Thames from the DL and has purchased the contract of Dee Gordon , who …
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