Los Angeles Dodgers’ owner Frank McCourt will be forced to accept a loan from Major League Baseball after a bankruptcy judge rejected a potential loan from a hedge fund on Friday.
McCourt had been seeking to get an outside loan that would enable him to pay off creditors without involving the league, which has made its displeasure with McCourt quite clear.
Source: http://www.thewrap.com/column-post/bankrupty-judge-forces-frank-mccourt-take-mlb-loan-29371
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