Currently trying to snap a 5 game losing streak this afternoon at Chavez Ravine the Dodgers can at least rest easy knowing this month’s payroll is safe. With news that might make Fred Wilpon a tad envious, the LA Times’ Bill Shaikin reports embattled LA owner Frank McCourt (shown above, helping a young fan find his seat at Dodger Stadium) received a $30 million loan earlier this week from Fox, convenient enough seeing as Newscorp owned the club prior to McCourt.
The arrangement is expected to cover the Dodgers’ expenses into next month. Commissioner Bud Selig has yet to say whether he will approve a proposed television contract between Fox and the Dodgers, which McCourt has presented as a long-term solution to the team’s financial troubles.
The loan marks the second time since the end of last season that Fox has provided money to the Dodgers’ owner so he could cover expenses. The loan was furnished to McCourt personally rather than to the Dodgers, according to the people briefed on the deal.