LOS ANGELES (CBS) — Los Angeles Dodgers’ owner Frank McCourt is hoping a fresh infusion of cash may end his payroll problem.
The Los Angeles Times is reporting that McCourt to told league officials he expects to meet the team’s nearly $10 million paycheck next week.
If he does, he could prevent Major League Baseball from seizing the team.
KNX 1070’s Jon Baird reports while McCourt is increasingly confident about the team’s financial outlook, fan reaction is still lukewarm.
McCourt needed a $30 million personal loan to meet the first three payrolls of the season. Even if he meets next week’s deadline, there are still two other major payroll dates: June 15 and June 30.
Major League Baseball is investigating the Dodgers’ finances before it makes a decision on a broadcast contract with Fox that could serve as McCourt’s lifeline.