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Bankruptcy judge clears way for $150-million loan to Dodgers

Jun 29, 2011 1:09:04 AM- latimes.com
Frank McCourt gets emergency funding that will leave him running the Dodgers for now, forcing Major League Baseball to yield control of the team and staving off auction of cable rights.

Reporting from Delaware and Los Angeles -- A Delaware judge has cleared the way for Frank McCourt to borrow $150 million from a hedge fund to cover his looming bills, keeping the embattled Dodgers owner in charge for now — and leaving Major League Baseball on the sidelines to figure out how to resolve the club's tangled ownership issues.

USA, California: (Latest Stories)