Quote of the Day
"We do not view this as a step backwards in the process. The situation has been moving in this direction for quite some time now."-- NHL Deputy Commissioner Bill Daly, on Chicago businessman Matthew Hulsizer withdrawing his bid to buy the Coyotes. (AP, 6/27)
Top Stories
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Throwing A Change-Up
McCourt contends bankruptcy filing will not affect day-to-day operations
MLB plans to tell a Delaware federal bankruptcy court today it is prepared to provide alternative financing to the Dodgers, sources said. The Dodgers and four related entities filed for Chapter 11 bankruptcy protection yesterday, and asked the court to approve a high interest rate $150M loan from a hedge fund in order to allow the team to meet payroll Thursday. But MLB, which the Dodgers accuse of forcing the bankruptcy move by turning down a team deal with Fox last week, is planning to offer its own emergency, or debtor in possession (DIP), financing, the sources said. The move is not unprecedented. Last year MLB provided DIP financing for the Rangers during their bankruptcy, though the amount, $21.5M, is far less than what the Dodgers hav ...
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Howl At The Moon
Coyotes back on the open market after Matthew Hulsizer pulls his long-standing bid.
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Be A Part Of It
Former athletes suing NCAA over use of likenesses expand fight with cease-and-desist letters to ESPN, CBS and other networks.
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Caught In The Web
When the NBA CBA expires at the end of Thursday, images of players may disappear from NBA-owned digital properties.
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Thirsty For Thursday?
Comcast, Turner eyeing NFL's new 8-game package.
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Checking Account
Nike earnings rebound from rare drop, climb 14% in Q4.
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Last Call
Longtime A-B marketer Mark Wright leaves to join AT&T.
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When You Wish Upon A Star
Yani Tseng is the newest star in women's golf, but she has yet to resonate with fans like Annika Sorenstam, Lorena Ochoa did.
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Teenage Dream
Tomic patient off court despite Wimbledon success.
