McCourt gets $30-million loan from Fox
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Frank McCourt took a $30-million loan this week from Fox to meet the Dodgers’ payroll obligations, according to three people briefed on the arrangement.
The arrangement is expected to cover the Dodgers’ expenses into next month. Commissioner Bud Selig has yet to say whether he will approve a proposed television contract between Fox and the Dodgers, which McCourt has presented as a long-term solution to the team’s financial troubles.
The loan marks the second time since the end of last season that Fox has provided money to the Dodgers’ owner so he could cover expenses. The loan was furnished to McCourt personally rather than to the Dodgers, according to the people briefed on the deal.
Those people spoke on the condition of anonymity because they were not authorized to discuss it publicly.
Steve Sugerman, the spokesman for McCourt, declined to confirm the deal or discuss its terms.
‘The team is meeting its financial obligations as it always has,’ Sugerman said, ‘and will continue to do so.’
Major League Baseball had no comment, spokesman Pat Courtney said. A Fox spokesman did not return calls for comment.
We’ll have more later at latimes.com/sports.
-- Bill Shaikin