If owner is forced to sell, a combination of debt load, tax liability plus a loan assumed in bankruptcy could wipe out much, if not all, of his profit.Buy team, make money. That's the tried-and-true formula in major professional sports, where even an owner who loses money running his team can cash in when he sells.
Dodgers' bankruptcy could cost Frank McCourt plenty
Published October 13, 2011 at 6:35 PM
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