MLB Taking Over Dodgers

Topdawg13 · Apr 20, 2011

-Link-

Once among baseball's glamour franchises, the Dodgers have been consumed by infighting since Jamie McCourt filed for divorce after 30 years of marriage in October 2009, one week after her husband fired her as the team's chief executive. Frank McCourt accused Jamie of having an affair with her bodyguard-driver and performing poorly at work.

Baseball commissioner Bud Selig told Frank McCourt on Wednesday he will appoint a trustee to oversee all aspects of the business and the day-to-day operations of the club. At the same time, Frank McCourt was preparing to sue MLB, a baseball executive familiar with the situation told The Associated Press, speaking on condition of anonymity because McCourt had not made any statements.

"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," Selig said in a statement.

A person familiar with Selig's thinking said the commissioner may choose to force a sale. The person spoke to the AP on the condition of anonymity because Selig's statement did not mention that.

Selig's move came after The Los Angeles Times reported this week that Frank McCourt had arranged a $30 million loan from Fox, the team's television partner. Selig has not approved a $200 million loan from Fox to the club, which was first proposed by the Dodgers last summer, and the Times said the money was needed to make payroll.

"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," Selig said. "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."

Selig's move might be seen by some as a precedent should the New York Mets have additional financial problems. With owners Fred Wilpon and Saul Katz under pressure from a lawsuit tied to the Bernard Madoff swindle, the Mets borrowed $25 million last year from Major League Baseball. Unlike the McCourts, Wilpon is a longtime friend of Selig.
Click to expand...

Samphin · Apr 21, 2011

As the resident Dodgers fan....thank the big blue guy in the sky!

Log in / Register

Forums

MLB Taking Over Dodgers

Topdawg13 New Member

Samphin Κακό σκυλί ψόφο δεν έχει

Share This Page

Log in / Register

Useful Searches

MLB Taking Over Dodgers

Topdawg13 New Member

Samphin Κακό σκυλί ψόφο δεν έχει

Share This Page