• FS1
    9:00 PM PST

    9:30 PM PST

MLB Offers L.A. Dodgers Bail Out Money

7/15/2011 11:00 AM PDT

MLB Offers L.A. Dodgers Bail Out Money

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

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.

Watch TMZ Sports on FS1 Get the new TMZ Sports app!


Click To View
Hot Video

More From

Around the Web