MLB: Frank McCourt would personally benefit from his proposed financing

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At the moment, the big issue in front of the court handling the Dodgers bankruptcy is how the Dodgers’ operations will be financed for the next several months while the legal process is played out.  Frank McCourt has obtained a private loan and wants to use it to run the team.  Major League Baseball counters, offering its own financing to run the team.  He who controls the spice controls the universe, so whoever wins this financing battle is going to have a way bigger hand in the future of the Dodgers than whoever doesn’t. It’s a big deal.

To that end, Major League Baseball filed a brief yesterday explaining why Frank McCourt’s proposed financing is not in the best interest of the Dodgers. Their biggest beef: Frank McCourt stands to personally benefit from the loan he obtained:

“Clearly, Mr. McCourt has not allowed these bankruptcy cases to change the practice of using the [Dodgers] as his personal piggy bank”

The brief is redacted for some reason, so the exact amount McCourt is allegedly skimming off the top of his loan is not explicitly stated. The brief makes further allusions to just how much McCourt has looted the Dodgers over the years. These numbers are redacted too, but the L.A. Times spoke with a source who says that the number is closer to $200 million than the $100 million which has been widely reported over the past couple of years.

As we’ve noted before, on its basic terms, the loan McCourt wants to use is pretty poor. High interest and a big up-front fee that Major League Baseball’s proposed financing doesn’t call for.  Frank’s only apparent objection to baseball’s financing is that, well, it’s not good for Frank. Pity, that.

There will be a hearing on all of this next Wednesday and, if form holds, a pretty quick ruling.

Check out these Union Jack-themed caps for the London Series

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UPDATE: Here is what, in my view anyway, constitutes a sad update. The Yankees and Red Sox will not, themselves, be wearing these cool Union Jack caps on the field during the London Series games. They will be wearing regular caps with a special patch.

The good news is that the Union Jack caps will still be available to purchase if you’re so inclined. They’re just not going to be official on-field replicas. Alas.

My verbiage about the propriety of wearing Union Jack baseball-themed merchandise below still stands.

12:45 PM: Patriots in Boston led the fight against Great Britain for an independent America. The popularization of the word “yankee” has its origins in an often derogatory term British military and political leaders used for people native to the American colonies. In light of that, with the possible exception of the Nationals — it’s hard to find two teams with a better regional and/or etymological claim on, well, not being British.

But, when in Rome, do as the Romans do. here are the caps Major League Baseball just revealed the Yankees and Red Sox will be wearing in London when they meet next month:

And check out the crown on the back:

My intro to this article aside, I have no problem with these at all. Indeed, they look pretty cool. I’ve seen some people being grumpy about it seriously, in contrast to my jokingly, citing the history of the colonies and the Revolution and all of that and calling them inappropriate, but c’mon. These are some boss caps.

Besides (a) the war ended 238 years ago; and (b) we probably stole baseball from them anyway. Let your freak flag– er, Jack, fly.