Wednesday, May 4, 2011

Dodger Blues


Red ink at Chavez Ravine:
The Dodgers currently do not have enough cash to meet payroll through this month, potentially accelerating a showdown between owner Frank McCourt and Major League Baseball. The cash shortage was confirmed Tuesday by two people familiar with the matter, speaking on condition of anonymity because of the possibility of McCourt filing suit against MLB. McCourt received a $30-million loan from Fox last month, which provided funding for the Dodgers' two April payrolls and is expected to carry them through the first May payroll. The second May payroll, due at month's end, is the one that appears problematic at this time. If McCourt were to fail to meet payroll, the league would cover the expenses and would have the option to seize the Dodgers from him, according to one of the people familiar with the situation.
allvoices

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