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Court documents indicated the McCourts had taken out more than $100 million in personal loans from Dodger-related businesses.
A judge in December threw out a 2004 marital property agreement that gave Frank McCourt sole ownership of the Dodgers, clearing the way for Jamie McCourt to seek half the team.
McCourt said he would take $300 million from the TV deal with Fox and put it into the Dodgers and not toward funding a possible settlement in his divorce. McCourt said the 17-year deal with Fox could be worth more than $3 billion.
"The lack of a decision to allow us to do this media transaction is what's creating all of this noise about the financial duress of the Dodgers," he said.
McCourt said the team can meet its payroll.
"We are current on all of our obligations, all of our payments," he said. "We have never asked for a penny of emergency funding from MLB."
Manfred denied McCourt's assertion that the Dodgers had been seized, saying Schieffer has been appointed as a monitor and that McCourt was provided paperwork from Selig describing Schieffer's role.
"In our meeting, no one from the Dodgers asked a single, specific question about the terms of the document setting forth the monitor's role," Manfred said.
Schieffer sought to reassure Dodgers fans about the future of the storied franchise, saying he wanted to "give them some confidence that the instability and turmoil is coming to an end."
Schieffer said he hoped to open an office at Dodger Stadium in the coming days and meet with team employees. He said he has no timetable in which to complete his job, and he said Selig hadn't discussed salary when he accepted the position on Monday.
Retired Dodgers manager Joe Torre was on hand for Schieffer's appearance in his new role as MLB's executive vice president for baseball operations, but he declined to take questions.
An emotional McCourt expressed regret about his and his ex-wife's lavish spending habits during their marriage that included owning multiple homes.
"I made some mistakes. I am sorry about that. I think everyone deserves a second chance," he said.
[Associated Press;
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