Frank McCourt hopes to secure a $ 150-million loan to meet payroll, retain control of the team and hold an auction for TV rights. The league plans to present an alternate plan and may attempt to strip McCourt of his franchise rights.
The Dodgers have filed for bankruptcy protection, a bid by Frank McCourt to preserve his ownership of the team by prodding a judge to override the rules of Major League Baseball.
L.A. Times – California | Local News
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