DODGERS UPDATE: OWNERSHIP COMMITTEE PONDERS MCCOURT BID.Byline: - Rich Hammond Rich Hammond Los Angeles Daily News sports writer. Instrumental in bringing the Los Angeles Kings hockey organization closer to the fans. He is the atypical "what a guy" to Kings fans everywhere. Rich Hammond on himself. Frank McCourt's bid to purchase the Dodgers underwent more review from baseball's ownership committee Wednesday in Scottsdale, Ariz., and though no date for a vote has been set, the approval of the agreement continues to inch closer to reality. Some baseball officials privately have expressed concerns about McCourt's $430 million bid, about half of which is leveraged through loans. A full group of owners will listen to a presentation on the sale today. Major League Baseball "MLB" and "Major Leagues" redirect here. For other uses, see MLB (disambiguation) and Major Leagues (disambiguation). Major League Baseball (MLB) is the highest level of play in North American professional baseball. originally scheduled a vote on the sale for today, but it was delayed last week when McCourt was asked to restructure part of his financing plan and, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. sources, add more of his own money to the deal. It is believed commissioner Bud Selig Allan Huber "Bud" Selig, Jr. (born July 30, 1934 in Milwaukee, Wisconsin) is the Commissioner of Major League Baseball (MLB). He was previously the team owner and administrator of the Milwaukee Brewers. will schedule a conference call during the week of Jan. 26, but time is a consideration because, under the terms of McCourt's agreement with News Corp., a resolution must be reached by the end of this month. McCourt and his representatives did not travel to Arizona but will meet again with some members of the ownership committee next week in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . Over the past month, sources have said the delays are indicative of owners' concerns, but also Selig's desire to make sure the agreement is solid enough to be approved when the owners finally vote. Two-thirds of baseball's other 29 owners must approve the deal, much of which is financed through loans from News Corp. and Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. . |
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