Thursday, February 24, 2011
Try Under The Sofa Cushions, Frank: Bud Selig Rebuffs McCourt Loan Bid
Baseball Commissioner Bud Selig has rejected a proposal under which Fox would have loaned about $200 million to Dodgers owner Frank McCourt, three people familiar with the discussions told The Times.Could be the mercury fulminate under the dynamite of McCourt ownership. Best news of the offseason.
McCourt would have used the Dodgers' cable television rights as collateral, extending the team's current contract with Fox by as many as four years if he did not repay the loan, according to the individuals, who were briefed on the proposal but who are not authorized to discuss it.