NEW YORK (AP) The Los Angeles Dodgers have been financially paralyzed by the divorce of its owners. As a result, Major League Baseball has announced that it’s taking over control of the team.
Baseball commissioner Bud Selig said in a release Wednesday that he will appoint a representative to oversee the “business and the day-to-day operations of the Club.”
Selig said 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 Fox, the team’s television partner.
Selig said he will announce the new team head in the next several days.
“Pursuant to my authority as Commissioner, I informed Los Angeles Dodgers owner Frank McCourt today that I will appoint a representative to oversee all aspects of the business and the day-to-day operations of the Club,” Selig said in his statement. “I have taken this action because of my deep concerns regarding the finances and operations of the Dodgers and to protect the best interests of the Club, its great fans and all of Major League Baseball. My office will continue its thorough investigation into the operations and finances of the Dodgers and related entities during the period of Mr. McCourt’s ownership. I will announce the name of my representative in the next several days.
“The Dodgers have been one of the most prestigious franchises in all of sports, and we owe it to their legion of loyal fans to ensure that this club is being operated properly now and will be guided appropriately in the future.”
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