Dodgers Now

The Times' Dodgers reporters give you all the news on the boys in blue

« Previous Post | Dodgers Now Home | Next Post »

Confirmed: Frank McCourt meets Dodgers' May 31 payroll

May 27, 2011 |  6:37 pm

Dodgers owner Frank McCourt has met the team's May 31 payroll, two people familiar with the situation said Friday.

McCourt remains in search of funding to meet the June 15 payroll, said one of the people, neither of whom was authorized to speak publicly.

McCourt is trying to stay afloat until a June 22 hearing, when he hopes for a ruling that his ex-wife, Jamie McCourt, has no standing to challenge a proposed television contract between the Dodgers and Fox.

Frank McCourt says that contract would provide $285 million in immediate funding, which would end the biweekly questions about whether he can meet the Dodgers' payroll. He needed a $30-million personal loan to cover the first three payrolls of the season -- on April 15, April 30 and May 15.

Friday marked the last business day before the May 31 payroll. The funds needed to be secured by Friday in order to ensure automatic processing and timely payments.

-- Bill Shaikin

Comments 

Advertisement










Video