January 15, 2011

Cash Crunch

Fox advanced the Dodgers money to help the team cover expenses. The broadcaster carries Dodgers games and used to own the team:

It is unclear whether the cash advance indicates the Dodgers are in immediate financial peril, but a sports industry consultant said the timing was curious, given that team expenses are lower out of season than during the season.

Maybe the cash shortage was the reason for Frank McCourt’s meeting with MLB earlier in the week.

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