MLB To Bail Out The Dodgers?

07/15/2011
.
(TMZ) Major League Baseball has just offered the L.A. Dodgers $150 million to keep the team afloat ... TMZ has learned.

According to legal docs filed in the Delaware bankruptcy case, the Dodgers solicited a $150 million loan from the Highbridge -- an investment management company.

MLB objected to the loan, partly because there were strings attached -- specifically, liens on the Dodgers' assets.

According to the docs, MLB has now offered to make the $150 million loan itself, with more favorable terms -- notably an interest rate that is 3% less than Highbridge is offering, and there would be no liens attached.

No word yet on whether the Dodgers will accept the MLB loan. more on this story

Dodgers T-shirts and Posters

Share this article
Share on Facebook Share on Twitter Share on Google+ Pin it Share on Reddit email this article


...end


advertisement



Follow Us:

Contact Us - Privacy - Why we are antiMusic

Copyright© 1998 - 2017 Iconoclast Entertainment Group All rights reserved.

Please click here for legal restrictions and terms of use applicable to this site. Use of this site signifies your agreement to the terms of use.