Judge Gross has ruled that while Frank McCourt has to use MLB's loan to keep the Dodgers afloat, he also ruled that the MLB loan must "be independent of and uncoupled from Baseball's oversight and governance under the MLB constitution." Essentially, this means that MLB can't use a violation of the loan provisions -- like, say, a default -- as evidence of a breach of league rules (leading to an MLB takeover of the Dodgers).
That said, Judge Gross, who will eventually decide the Dodgers' fate, said that Frank McCourt's personal stake in his attempted loan (the one made with a loan-shark hedgefund) "clearly compromised his judgment," and called him irresponsible for not even negotiating with MLB before seeking outside funding. It's a temporary, brief and fleeting victory for ol' Frankie.