Frank McCourt takes a $30 million loan from FOX in order to meet payroll

2 Comments

FOX used to own the Dodgers. At this rate, they’re going to own them again someday soon:

Frank McCourt took a $30-million loan this week from Fox to meet the Dodgers’ payroll obligations, according to three people briefed on the arrangement. The arrangement is expected to cover the Dodgers’ expenses into next month … The loan marks the second time since the end of last season that Fox has provided money to the Dodgers’ owner so he could cover expenses. The loan was furnished to McCourt personally rather than to the Dodgers, according to the people briefed on the deal.

And because it was a personal loan, it did not require the approval of Major League Baseball.  Baseball is still mulling, however, whether it will allow McCourt to settle his legal problems by taking a big chunk of cash from a new TV right deal for Dodgers telecasts on FOX and diverting it to Jamie McCourt and whoever the hell else Frank owes money too.

If I’m Bud, I wait this out. If he’s taking month-to-month personal loans to cover payroll, Frank is going to go bankrupt very soon and he’ll be forced to sell the Dodgers like Tom Hicks did. Sure, it may not be fabulous to have a marquee franchise in bankruptcy court, but as the Rangers showed, the process is survivable. And, once free from McCourt, the Dodgers could easily become a lucrative property once again.

Danny Farquhar in critical condition after suffering ruptured aneurysm

Danny Farquhar
AP Images
2 Comments

Awful news for the White Sox and reliever Danny Farquhar: the right-hander remains hospitalized with a brain hemorrhage, per a team announcement on Saturday. He’s in stable but critical condition after sustaining a “ruptured aneurysm [that] caused the brain bleed” on Friday.

Farquhar, 31, passed out in the dugout during the sixth inning of Friday’s game against the Astros. He regained consciousness shortly after the incident and was taken to RUSH University Medical Center, where he’s expected to continue treatment with Dr. Demetrius Lopez in the neurological ICU unit.

“It takes your breath away a little bit,” club manager Rick Renteria said following the game. “One of your guys is down there and you have no idea what’s going on. […] When one of your teammates or anybody you know has an episode, even if it’s not a teammate, something is going on, you realize everything else you keep in perspective. Everything has its place. It’s one of our guys, so we are glad he was conscious when he left here.”