((HT: MyFoxLA/ESPNLosAngeles, Jackson))
The Los Angeles Dodgers may not have enough cash to cover their expenses at the end of this month when a round of paychecks to players are due and will certainly will face insolvency by July, The Wall Street Journal's Matthew Futterman reports.
Dodgers owner Frank McCourt, now anyway, is going to cooperate with Tom Schieffer, the MLB-appointed overseer. This way, if Schieffer can get his hands on all Dodgers financials and push through them quickly, McCourt can get his deal with FOXSports worked out. That deal would infuse close to US$300-million into the Dodgers accounts as part of the up-front in the agreement.
Meanwhile, on the "Mason and Ireland" show on ESPN710 in Los Angeles, McCourt fielded a call from "Ken from Newport" who wanted to know why McCourt took over US$120-million in team revenues for his own personal use.
McCourt denied it...
"It's just not true," McCourt said. "Let me tell you what happened. During the seven years ... approximately $100 million, if you tally it all up, went to me and my wife. Let's talk about it in terms of what it was. It was made up of $5 million per year that went to me ... not from the Dodgers but from my overall business. Another $2 million per year went to my wife while she was president of the Dodgers. That five plus two is $7 million a year ... and if you multiply that by seven years, that comes to half of $100 million roughly, $49 million.
"The other $50 million of the $100 million was a loan taken out on real estate, again not from the team at all, and it was a loan that has to be paid back."
Like most folks in a divorce proceeding, he blamed his lifestyle ((which he openly admitted he had during his marriage)), on his ex...
The entire interview is hyah...
Jon Weisman's "Dodger Thoughts" are hyah as well... good read and response to Frank.