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Saturday, August 06, 2011

ESPN: Dodgers, MLB agree on financing

The Los Angeles Dodgers and Major League Baseball have agreed on a bankruptcy financing plan for the team.

A court filing Friday in Delaware outlines a plan for the league to provide unsecured financing of up to $150 million for the Dodgers

Last month, a judge rejected the Dodgers’ financing arrangement with a hedge fund and ordered the club to negotiate with the league, which had offered better loan terms.

LA Times blog: Dodgers, MLB submit loan agreement to bankruptcy court

NTNgod Posted: August 06, 2011 at 01:27 AM | 0 comment(s) Login to Bookmark
  Tags: business, dodgers

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