Not a ton going on publicly at the moment, but in the interest of exploring one facet of the divorce and to engage in shameless self-promotion, I am passing along an article I wrote for this week's Variety. An excerpt:
In January, Fox offered Frank McCourt (widely thought to have severe liquidity issues stemming from his divorce) an advance on the existing Prime Ticket deal to help cover operating expenses. More dramatically, according to a February report in the Los Angeles Times, Fox agreed to loan the Dodgers an additional $200 million -- taking 2014-17 broadcast rights as collateral -- but Major League Baseball refused to allow the deal.
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It could be that MLB's refusal of Fox's proposed life preserver to the Dodgers actually bodes well for the network's long-term chances of keeping the Dodgers. It's harder and harder to envision a scenario at this point in which a McCourt would have the cash to invest in a brand new network -- though if new owners come in, anything's possible.So, yeah, there you go. Click on through to see the whole thing. And thanks to Dodger Thoughts' Jon Weisman for the opportunity.
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Frank acts like a desperate junkie. He's willing to settle for $66 million/year during the same period the Lakers will be getting $150 million/year. Frank is driving down tv values for all baseball owners and for that reason alone Bud should tell Frank to take a hike. It was one thing when Frank was holding down cost, now he's costing other owners money. See you later, Frank.
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