Dodgers debt at $430 million in Nov. 2009
2/24/11, "Bud Selig rejected proposal for Fox to loan $200 million to Dodgers' owner," LA Times, Bill Shaikin,
- "Selig made his decision several weeks ago. Since then,
- Sugerman declined to discuss how Selig's decision might affect McCourt's ability to manage the Dodgers' finances.
- negotiated a contract with the team's new owners, worth a reported $1.6 billion over 20 years.
- David Boies, an attorney for Jamie McCourt, said any such deal should trigger "court supervision" of the Dodgers' finances, so as to ensure the value of the team is not harmed until the court determines ownership.
- but his wife's interest."...
- rights to carry Dodgers games.
- which expires in 2013.
- At best, you get broadcast rights for a term of years that might be worth more than the loan."
- via BTF
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