As mentioned this morning, the first issue the bankruptcy court is going to have to decide is whether or not to allow Frank McCourt to finance Dodgers’ operations with that $150 million loan he obtained.
Also as mentioned, Major League Baseball has come up with an alternative financing arrangement, which Bill Shaikin of the Los Angeles Times just reported: Financing at 7% interest as opposed to the 10% McCourt obtained, plus no $4.5 million fee or any other fees on top of it, like the fees wit which McCourt would saddle the team.
Bankruptcy experts, help us out: are these financing arrangements usually judged purely on the dollars (i.e. what costs the debtor the least), or is there a broader analysis in play, encompassing the source of the financing as well? Because if it’s purely dollars, MLB would have to have it beat, one would assume. If McCourt gets a thumb on the scale in his favor as the current owner, however, it may not matter.
The point to all of this, of course, is that if the court decides that MLB’s financing is going to rule the day, it will likely mean that McCourt’s days of calling the shots are over or soon will be.
Updates as warranted.
A brutal couple of updates on the night of Jose Fernandez’s death from Jeff Passan of Yahoo and from Andre Fernandez of the Miami Herald.
Passan reports on the leadup to the fateful boat trip. About how a friend of one of the other men killed on the boat had pleaded with him not to go out in the dark. Then there’s this:
After Saturday’s game, Fernandez had asked a number of teammates to join him on the boat. One by one, they declined.
Marcell Ozuna was one of them. Andre Fernandez of the Miami Herald reports:
Following Monday’s game, Ozuna said he turned down an invitation from Fernandez after Saturday night’s game to go out with him and join him for a spin on his boat . . . “That night I told him, ‘Don’t go out,’” Ozuna said. “Everybody knew he was crazy about that boat and loved being out on the water. I told him I couldn’t go out that night because I had the kids and my wife waiting for me.
Losing a friend and teammate under such circumstances is brutal enough. Adding on survivor’s guilt would be close to impossible to bear.
David Ortiz has used Derek Jeter’s Player’s Tribune as his personal podium all year as he says goodbye to the Major Leagues. He continues that today, on the eve of his final series against the Yankees.
In it Ortiz talks about what playing the Yankees meant to him over the course of his career. About how the fan hate was real but something he embraced. About how the series back in the days of Jeter and Pettitte and Mariano and Mussina were “wars.” He also talks about how the Yankees were basically everything when he was growing up in the Dominican Republic. The only caps and shirts you saw were Yankees shirts and how they were about the only team you could see on TV there. As such, coming to Boston and then playing against the Yankees was a big, big deal.
Ortiz says “[s]ome players are born to be Yankees, you know what I’m saying? I was born to play against the Yankees.”
And he’ll get to do it only three more times.