MLB Assume Control of Financially Flawed LA Dodgers

It has been confirmed that Major League Baseball (MLB) is to assume control of the Los Angeles Dodgers due to “deep concerns” about the financial predicament of the famous franchise, according to the league’s commissioner Bud Selig.

Selig revealed that a MLB representative would oversee the “day-to-day operations” at the troubled outfit, which has been plunged into financial turmoil by the complicated – and unresolved – divorce of its owners, Frank and Jamie McCourt.

The very public domestic disagreement between the couple began when Frank McCourt fired his wife, Jamie, from her role as the team’s chief executive. She the filed for divorce a week later, after 30 years of marriage in October 2009.

The Los Angeles Times reported earlier this week that Frank McCourt had arranged for a US$30m loan from Fox, the team’s television partner, to cover the Dodgers’ payroll requirements. Despite its recent problems, the franchise is one of the most successful in the history of baseball.

A statement from Selig read: “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. 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.”

Selig added that he would carry out a “thorough investigation into the operations and finances of the Dodgers and related entities during the period of Mr McCourt’s ownership”, adding that the representative to take control of the franchise would be announced in the coming 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,” said Selig.