{"id":23671,"date":"2011-07-25T06:01:46","date_gmt":"2011-07-25T10:01:46","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=23671"},"modified":"2011-07-25T06:01:46","modified_gmt":"2011-07-25T10:01:46","slug":"judge-blocks-dodgers-from-tapping-hedge-fund-loan","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2011\/judge-blocks-dodgers-from-tapping-hedge-fund-loan.html","title":{"rendered":"Judge Blocks Dodgers From Tapping Hedge-Fund Loan"},"content":{"rendered":"<p>NYT &#8211; A Delaware bankruptcy judge rejected embattled Los Angeles Dodgers owner Frank McCourt&#8217;s attempt to use the team&#8217;s Chapter 11 case to circumvent Major League Baseball, ruling Friday that the team could not use a $150 million loan from a New York hedge fund to finance its operations.<\/p>\n<p>Judge Kevin Gross of the U.S. Bankruptcy Court in Wilmington denied the Dodgers&#8217;s request to use the financing from its preferred lender, Highbridge Principal Strategies, because a better loan was available\u2014specifically, the financing MLB offered.<\/p>\n<p><strong><a href=\"http:\/\/online.wsj.com\/article\/SB10001424053111903554904576462373238466928.html?mod=googlenews_wsj\" target=\"_blank\">Read Complete Article<\/a><\/strong> (subscription needed)<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYT &#8211; A Delaware bankruptcy judge rejected embattled Los Angeles Dodgers owner Frank McCourt&#8217;s attempt to use the team&#8217;s Chapter 11 case to circumvent Major League Baseball, ruling Friday that the team could not use a $150 million loan from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23671","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=23671"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23671\/revisions"}],"predecessor-version":[{"id":23672,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23671\/revisions\/23672"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=23671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=23671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=23671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}