Monday, June 13, 2011

Source says McCourt has "no chance" of making June 30 payroll

Frank McCourt is expected to meet his payroll obligations Wednesday. But here's the good news: A source "familiar with McCourt's finances" is saying that he has "no chance" of making the team's June 30 payroll, according to Bill Shakin. The article goes on to say:
The Dodgers owe about $10 million in payroll Wednesday, according to one of the people, but that figure roughly triples for the June 30 payment as several deferred salaries come due, including more than $8 million to Manny Ramirez. 
If McCourt misses payroll, how long before Selig is forced to seize and sell the team? Hang on to your seats, folks. This is going to get bumpy.

1 comment:

  1. I hope this happens already. It's silly that McCourt is even being given the opportunity to keep making payroll.