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July 22, 2011
Judge Forces Dodgers to Negotiate with MLB for Financing
Judge Gross rejected the Dodgers' request to get its financing from Highbridge Corp, saying that “a comparison of the Highbridge loan and the proposed MLB loan clearly shows the substantial economic superiority of the MLB loan.” The order requires the team to negotiate with the MLB in good faith to attempt to get the best possible rates for its DIP financing.
Poor old Frank McCourt.
-CHH
July 22, 2011 | Permalink
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