Dodging Debt

By Econ70 | 11/09/2011

Frank McCourt, embattled owner of the LA Dodgers is selling the club. By craftily splitting the sale of the team and the sale of the team’s media rights, he expects to net $1 billion. But, he has bills! The club is already carrying about $500 million of debt, it owes Major League Baseball $150 million…

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