Dodgers payroll gets met

Discussion in 'National League West' started by truebluefan, Jun 1, 2011.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    Los Angeles Dodgers owner Frank McCourt was able to meet the team's payroll Tuesday with cash advances drawn on the team's corporate sponsorship deals, according to three people familiar with the matter who were not authorized to speak publicly.

    Since McCourt has been unable to secure traditional loans to fund the cash-strapped Dodgers, front office executives in charge of revenue were charged with finding more creative ways to help float the troubled franchise for two more weeks.

    Current team sponsors were contacted and offered discounts on their annual bills and luxury box stadium seats in exchange for cash up front, according to two sources. It is not known which sponsors took the offer, or the depth of discount they were given.

    Read more: http://sports.espn.go.com/los-angeles/mlb/news/story?id=6611944
     

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