The Dodgers and New York Mets might rank as the biggest financial headaches for Major League Baseball, but they are not the only ones.
Nine of the 30 teams are in violation of the MLB debt service rules, according to information presented in a confidential briefing at the owners’ meetings last month and confirmed to The Times by three people familiar with the presentation.
In addition to the Dodgers and Mets, the teams out of compliance are the Baltimore Orioles, Chicago Cubs, Detroit Tigers, Florida Marlins, Philadelphia Phillies, Texas Rangers and Washington Nationals, according to the people, none of whom were authorized to disclose the information.
Commissioner Bud Selig declined to comment for this story. His predecessor, Fay Vincent, said he would consider the number of teams in violation of the sport’s debt rules to be “troublesome.”
McCourt says the Dodgers are in compliance with the debt service rules. According to a person familiar with the matter, McCourt received a waiver from the commissioner’s office last year permitting the Dodgers to hold debt more than 10 times annual earnings.
That waiver is currently under dispute, according to a person familiar with Selig’s view of the matter.
Posted: June 03, 2011 at 03:11 AM | 15 comment(s)
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