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ESPN: McCourt makes Dodgers payroll

This is an oct. 7, 2009, file photo showing Los Angeles Dodgers' owner Frank McCourt before Game 1 of the National League division baseball series with the St. Louis Cardinals, in Los Angeles. (Jae C. Hong)

May 31, 2011 12:00:00 AM PDT
ESPN reports L.A. Dodgers owner Frank McCourt met the team's payroll Tuesday.

ESPN reports that McCourt is still searching for the funding to make the team's next payroll on June 15, according to two people with knowledge of the Dodgers finances who were not authorized to speak publicly.

McCourt has been unable to secure traditional loans to fund the cash-strapped Dodgers.

According to ESPN, current team sponsors were contacted and offered discounts on their annual bills and luxury box stadium seats in exchange for cash up front, according to two sources. It is not known which sponsors took the offer, or the depth of discount they were given.

ESPN reports that McCourt is still searching for the funding to make the team's next payroll on June 15, according to two people with knowledge of the Dodgers finances who were not authorized to speak publicly. Should the beleaguered owner fail to make payroll, Major League Baseball would cover it for him and likely formally seize the team.

Major League Baseball Commissioner Bud Selig recently ordered the organization to take over daily operations of the Dodgers due to the team's rocky finances.