60.1 F
Los Angeles
Monday, Sep 25, 2023

Selig Rejects Fox’s $200M Loan to McCourt, Dodgers

In search of money, Los Angeles Dodgers owner Frank McCourt planned to borrow $200 million from Fox to keep the club running. But commissioner Bud Selig rejected the proposal several weeks ago, according to reports.

McCourt, who is in the middle of a high-profile divorce, proposed to use the Dodgers’ cable TV rights as collateral, extending the team’s current TV contract by as many as four years if he defaulted on the loan.

Spokesmen for Major League Baseball and McCourt each declined to comment.

&#8226 CLICK HERE to read the USA Today story.

Featured Articles

Related Articles