No ruling today in Dodgers bankruptcy
Gross heard arguments for nine hours Wednesday about whether Dodgers owner Frank McCourt should be able to use a loan he arranged to finance the team during the bankruptcy process rather than one offered by Major League Baseball.
MLB's loan offers better terms than the one McCourt secured from a hedge fund, but McCourt is concerned that baseball has become an adversary and is more interested in ousting him from ownership than helping him out of a financial bind.
Gross said the court would oversee how the loan money was used.
-- Bill Shaikin
Photo: Dodgers owner Frank McCourt attends the team’s season opener on March 31. Credit: Allen J. Schaben / Los Angeles Times