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.

Pujols hits 701st career home run, connects for Cardinals

albert pujols
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ST. LOUIS — Cardinals slugger Albert Pujols hit his 701st home run, connecting Friday night against the Pittsburgh Pirates.

Pujols launched a slider from former teammate Johan Oviedo over the Big Mac Land sign in left field at Busch Stadium. The solo drive in the fourth inning made it 1-all.

Pujols faced Oviedo for the first time and made the 24-year-old righty the 456th different pitcher he’s homered against.

The St. Louis star hadn’t homered in a week since hitting No. 699 and 700 at Dodger Stadium last Friday. Pujols had gone 10 at-bats without a home run after two starts and one pinch-hit appearance.

The Busch Stadium crowd gave the 42-year-old Pujols a long standing ovation before he came out of the Cardinals dugout to tip his cap for a curtain call.

Pujols hit his 22nd home run this season for the NL Central champion Cardinals.

Pujols is fourth on the career home run list behind Barry Bonds (762), Hank Aaron (755) and Babe Ruth (714).