Report: Dodgers owner loaned $30M

The New York Mets might not be the only baseball team looking for outside help to escape financial trouble.

In order to meet payroll obligations, Los Angeles Dodgers owner Frank McCourt took a $30 million loan from Fox last week, according to the Los Angeles Times.

This marks the second time since the end of last season that Fox has helped McCourt cover expenses.

McCourt has previously presented a television contract between Fox and the Dodgers as a long-term solution to the team's financial problems.

Representatives for Major League Baseball commissioner Bud Selig and McCourt met April 5, hoping for approval of a contract with Fox that would be worth at least $3 billion over 20 years, according to the Times.

Selig has yet to approve the deal.

The loan did not require Selig's approval since it was made out to McCourt personally, rather than the Dodgers, according to the newspaper.

Steve Sugerman, a spokesman for McCourt, wouldn't confirm or discuss the deal.

"The team is meeting its financial obligations as it always has," Sugerman said, according to the newspaper, "and will continue to do so."

MLB and Fox declined to comment.

The Mets, hounded by the trustee for victims of the Madoff Ponzi scheme, acknowledged in late February they had received a loan from MLB in November to help meet their financial obligations.
The New York Times and Daily News reported the loan amount was $25 million.

Reports in March said the Mets were desperately searching for another loan to cover basic operating expenses, and that the commissioner's office would not agree to another loan.