MLB Takes Over Operation Of Dodgers

[Viva_La_Revolution]

Source: CBSLA

NEW YORK (CBS/AP) — Major League Baseball is taking over the Los Angeles Dodgers, a team financially paralyzed by the divorce of its owners.

Baseball Commissioner Bud Selig says in a release Wednesday that he will appoint a representative to oversee the “business and the day-to-day operations of the Club.”

Selig says he took action “because of my deep concerns regarding the finances and operations of the Dodgers.”

His decision followed a report by the Los Angeles Times that owner Frank McCourt had arranged a $30 million loan from the Fox, the team’s television partner.

Read more: http://losangeles.cbslocal.com/2011/04/20/mlb-takes-over-operation-of-dodgers/

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Bud Selig confirms appointment of Dodgers trustee, investigation into club finances

http://latimesblogs.latimes.com/dodgers/2011/04/selig-confirms-appointment-of-dodgers-trustee-investigation-into-club-finances.html

[Viva_La_Revolution]

1. $30 million loan from FOX in order to make team payroll.

As has been recently reported, Frank McCourt took a $30 million loan from FOX in order to make team payroll. Clearly this doesn’t sit will with Selig, who has already gone on record against Frank McCourt using the Dodgers’ TV rights as a means of resolving his personal financial problems. Problems, as everyone who follows the Dodgers knows, stem from McCourt’s over-leveraging of the team combined with his costly divorce from his wife who, as it currently stands, is legally part owner of the Dodgers.
http://hardballtalk.nbcsports.com/2011/04/20/breaking-mlb-to-take-over-the-dodgers-financial-operations/

[Drale]

2. Good the Dodgers owners have turned that franchise into a joke

now do the same to the freaking Mets.

[JuniperLea]

3. Push meet shove!

Viva Los Doyers!

[suston96]

4. They shoulda never left Flatbush.........serves 'em right.....nt

[iandhr]

5. a man from brooklyn walks into a bar

"If a Brooklyn man finds himself in a room with Hitler, Stalin, and O'Malley, but has only two bullets, what does he do? Shoot O'Malley twice."

[suston96]

11. LOL.....Exactly...but it was written...the Bums and the Jints were leaving....nt

[CreekDog]

6. Good

better than watch the current owner/knucklehead continue to hock the team for the purpose of ruining it.

[Blue_Tires]

7. their owners are crooks anyway...

and I'm saying this as a Mets fan(!)

[erodriguez]

9. Ugh Maybe the Mets are next.

[WHEN CRABS ROAR]

8. Give em cake and circus's, meanwhile back at the.....................

[nyy1998]

10. Makes a lot of sense, the McCourts can't manage the team anyway nt