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SBD/May 4, 2011/Franchises
Dodgers Reportedly Lack Funds To Meet Payroll Later This Month
Published May 4, 2011
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AM I THAT TRANSPARENT? The WALL STREET JOURNAL's Matthew Futterman reports as a result of the Dodgers' cash shortfall, McCourt "has offered full cooperation with monitor Tom Schieffer," appointed last month by MLB Commissioner Bud Selig to oversee the franchise. An attorney for McCourt earlier this week "sent a letter to Bradley Ruskin of Proskauer Rose, which is representing Major League Baseball in the matter, to make it clear that Schieffer would have immediate access to all the financial material he needs for the ongoing investigation of the franchise's viability." Schieffer yesterday said that "despite McCourt's cooperation, it wasn't clear yet how long the investigation will take." McCourt has said that he "will continue to invest money in the team if he is in control of the business" (WALL STREET JOURNAL, 5/4). Bloomberg News' Michele Steele said time "is ticking down" on McCourt. He has yet to decide "whether or not he will sue," though his reps "have made it clear ... he will protect his rights" ("Inside Track," Bloomberg TV, 5/4).
I WANT THE TRUTH! ESPN L.A.'s Jon Weisman wrote under the header, "McCourt Puts His Word Against Everyone Else's." The Dodgers owner "continues to tell us that all these people from every side of the fence, West Coast and East Coast, print media and electronic, sports and business, inside the game and outside the game, have it wrong." During his radio interview yesterday, McCourt said, "If the stuff that was written about me was true, I wouldn't trust me either." Weisman noted "neither the objective evidence nor common sense back up his assertions, but he asks us to simply believe him." McCourt's "interpretation of the facts are supposed to be more trustworthy than the facts themselves." But Weisman added, "In my view, McCourt is playing a shell game with the truth" (ESPNLA.com, 5/3).