MLB Sweetens Terms In Fight For Dodgers DIP Loan

Law360, New York (July 15, 2011, 7:43 PM EDT) -- Major League Baseball on Thursday enhanced its bid to finance the Los Angeles Dodgers during its time in Delaware bankruptcy court by offering a longer repayment that would allow the team time to negotiate a new TV contract with Fox.

John McHale, an MLB executive vice president, said in a declaration Thursday that if the Dodgers go with the MLB loan, they can have until Nov. 30, 2012, to pay it off, instead of the June 27, 2012, due date stipulated in the original bankruptcy filing....
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