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MLB Offers L.A. Dodgers Bail Out Money

7/15/2011 11:00 AM PDT BY TMZ STAFF

Major League Baseball has just offered the L.A. Dodgers $150 million to keep the team afloat ... TMZ has learned.

0715_mlb_dodgers_ex_2

According to legal docs filed in the Delaware bankruptcy case, the Dodgers solicited a $150 million loan from Highbridge Capital Management -- an investment management company.

MLB objected to the loan, partly because there were strings attached -- specifically, liens on the Dodgers' assets.

 According to the docs, MLB has now offered to make the $150 million loan itself, with more favorable terms -- notably an interest rate that is 3% less than Highbridge is offering, and there would be no liens attached.

No word yet on whether the Dodgers will accept the MLB loan.


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20 COMMENTS

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1.

Cmac0309    

**** LA and the Dodgers. TIGERS!

1158 days ago
2.

Abraham lincoln     

Who even really cares about the Dodgers anymore?seriously how do these guys get paid so much for doing this crap,..ie never winning and always sucking?...i never ever got why they get paid so much to suck always,and people come to watch them score only 2 runs..and you guys call soccer(Football)boring?...think again.

1158 days ago
3.

Rodney Peterson    

*******! You cost me the Dodgers! THWACK!

Cutting Confessions-One Flew Over The Cuckoo's Nest meets Slumdog Millionaire with a touch of Black Swan:

www.myspace.com/370392338

1158 days ago
4.

JJ    

They should take the whole McCourt clan and put them on that one way trip to Mars that NASA is talking about.

1158 days ago
5.

AntiSocialForum.com    

Maybe the government should bail Frank McCourt and the Dodgers out.

1158 days ago
6.

SSinOC    

What's the MLB think it's the IMF? They are loaning hoping the Dodgers default so they can take over the team. Wonder if McCourt is dumb enough to take the bait?

1158 days ago
7.

OhWell    

Baseball Sucks
The Dodgers Suck
Harvey Sucks {His Boyfriend}

1158 days ago
8.

Abe    

Harvey, this loan was offered by the MLB weeks ago, at the first bankruptcy hearing in Delaware.

Don't you follow REAL news, Harvey??????

x

1158 days ago
9.

kraig    

This was offered weeks ago. Why are you NOW posting it?

1158 days ago
10.

Susie    

Seriously, how in the hell can the Dodgers be Bankrupt right? I agree with others, get the MCCORDS out of there, and every assett they list belongs to the Dodgers right? AMIRITE?
Bankrupt for 150 million? Come on, these things should not be able to happen over a divorce and two money hungry people, where they can cause the entire downfall of a Baseball team.
All for the almighty dollar.

1158 days ago
11.

elguapo    

Dodgers suck!! Sell them and an get an NFL team to replace them!

1158 days ago
12.

Michelle    

I just hope this all gets settled soon. Frank McCourt is annoying the bleep out of me by dragging his feet. MLB wants him to sell, he needs to get out of town and let someone else take over the Dodgers.

1158 days ago
13.

CCC    

Here's an easy way for the Dodgers to make money. Have Baron Hilton hit some of the players with his car. At 4.9 million a pop, they would soon be out of debt.

1158 days ago
14.

Dumbasses    

Yo TMZ! Wake up!!!! This story is as OLD as Harvey Levin!!!!!!!!!!! Who's running the show now, btw, cause u r lagging on EVERY story! Going to radaronline for the latest, cause u sux!

Love,
Dumbasses

1158 days ago
15.

Dumbasses    

Yo TMZ! Wake up!!!! This story is as OLD as Harvey Levin!!!!!!!!!!! Btw, who's running the show now cause u r lagging on EVERY story! Going to radaronline for the latest, cause u sux!

Love,
Dumbasses

1158 days ago
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