Sports Law Blog
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Monday, December 15, 2003
 

McCourt Financing Questioned in Bid for Dodgers: Frank McCourt, the Boston real-estate developer who is attempting to buy the Dodgers, may have difficulty getting the sale approved by major league baseball because his bid is so highly leveraged. Apparently, the finances of the deal are incredibly complicated, with a great deal of the $430 million coming in loans from NewsCorp, the current owner of the team, Aramark, which runs concessions at Dodger Stadium, and two to four other lending institutions.

Major League Baseball has a rule limiting the ratio of debt to equity that all potential owners must satisfy.





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