Sports Law Blog
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Monday, January 12, 2004

Update on Sale of Dodgers: In an update to an earlier post, the sale of the Dodgers to Frank McCourt is now expected to be approved by January 31.

The Sports Business Journal (subscription required) reports that McCourt would borrow money that would cover the entire $430 million purchase price through a mix of team and private loans from sources such as the Bank of America, the MLB credit facility and News Corp. McCourt would teams play back the loans in the first few years by selling off some of his Boston real estate.