SBD/31/Franchises

DODGERS BORROW $20 MILLION FROM L.A. BANK TO COVER EXPENSES

     The Dodgers, suffering financial losses from the players
strike, have borrowed $20M from the club's line of credit with a
L.A. bank.  Dodgers Owner Peter O'Malley: "We have an ongoing
line of credit with a major bank and expect to draw on it next
month to meet the overhead and annual expenses we have."
O'Malley said it is "inaccurate to characterize the club as being
in financial trouble," but he told his staff that the loan is a
response to the strike's impact.  Dodgers VP/Finance Bob Graziano
said the loan was necessary to cover operating expenses and "to
fund the payroll for people still working here and to make sure
the grass gets watered."  Granziano: "I don't think anyone is
saying the club is on the ropes."  The Dodgers are estimated to
have lost $12M due to the strike (Newhan & Hudson, LA TIMES,
10/29).
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