August 5, 2011
Dodgers, MLB submit loan agreement to bankruptcy court
"The Dodgers and Major League Baseball submitted a $150-million loan agreement to the U.S. Bankruptcy Court on Friday, under which the league would loan the Dodgers the money needed to get through the season at 7% interest and would not seize the team in the event of default."
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People are just not going to baseball games anymore. Leisure outings are just not what American's are spending there money on. They are worried about rent, food, and gas prices. This is a direct reflection of the middle class American truly struggling to get by.
Posted by: Stephanie Rosenbaum | Aug 9, 2011 2:32:54 PM