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Lawyers for owner Frank McCourt and Major League Baseball presented arguments in U.S. Bankruptcy Court for why their side should be financing the team during the bankruptcy period. They're saying that this could be an important indicator about how Judge Kevin Gross views the case. Towards the end of today's 10-hour session, Gross said that his ruling will be about dollars and cents, not control. For the MLB side, that apparently was an encouraging comment. (LAT)
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.