*McCourt loses round in bankruptcy court

The Dodgers owner cannot use the loan he had arranged to operate the team during the bankruptcy process. Instead, McCourt was ordered to negotiate with Major League Baseball for a loan. The ruling reverses the court's interim approval of the $150 million loan from JP Morgan's Highbridge, From the LAT:

The ruling does not mean McCourt will lose ownership of the Dodgers. Instead, the ruling sets the stage for the parties to argue the core issue in this case: Can McCourt auction the Dodgers' cable television rights to pay off the team's creditors and remain the owner, or can Selig get the court to enforce the league rules to which McCourt agreed, including rules that grant Selig the right to approve all television contracts and the right to strip an owner of his team upon filing for bankruptcy?

*Came across an interesting line from the ruling by Judge Kevin Gross:

It is clear that [Major League Baseball] needs and wants the Dodgers to succeed and the debtors are best serviced by maintaining baseball's good will and contributing to the important and profitable franchise group under the commissioner's leadership.

That can't be great news for McCourt.