Wednesday, May 4, 2011

Dodgers lack funds to meet payroll - latimes.com

Dodgers lack funds to meet payroll - latimes.com

The Dodgers currently do not have enough cash to meet payroll through this month, potentially accelerating a showdown between owner Frank McCourt and Major League Baseball.

The cash shortage was confirmed Tuesday by two people familiar with the matter, speaking on condition of anonymity because of the possibility of McCourt filing suit against MLB.McCourt received a $30-million loan from Fox last month, which provided funding for the Dodgers' two April payrolls and is expected to carry them through the first May payroll. The second May payroll, due at month's end, is the one that appears problematic at this time.

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