Less than a week after a report surfaced that Los Angeles Dodgers owner Frank McCourt arranged for a $30 million personal loan from TV partner Fox to help pay the team’s bills, Major League Baseball owner Bud Selig said today that the league is taking over financial control of the franchise. He said he will appoint a representative to run the day-to-day business. “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 said Wednesday in a statement, adding that he has “deep concerns regarding the finances and operations of the Dodgers.” Frank and Jamie McCourt are in the midst of a messy divorce that has thrown the team’s financial future into doubt. A new long-term TV deal with Fox that the Times’ Bill Shaikin reported could be in the neighborhood of $3 billion over 20 years would go along way to stabilizing things at Chavez Ravine, and McCourt recently took the offer to Selig, who already had rejected a proposed $200 million loan to McCourt from Fox using the future TV contract as collateral.


YEAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It’s about time…bye, bye Frank and Jamie…now you can fight over all the other things in your divorce and leave the Dodgers to honorable and decent people to own and manage.
This decision is one of the few bright moves by Bud Selig and Major League Baseball.
Selig and MLB are to blame as well. Why did they ever let these carpet-baggers buy the team with help from FOX in the first place?
That LA Weekly article I read last year was so prescient on how the McCourts and maybe Frank in particular leverage what they own to further a lavish lifestyle. They leveraged parking lots in Boston to acquire the Dodgers and then leveraged the club to buy homes and enrich themselves in LA. What a sad state of events for such a prestigious sports franchise. MLB has only itself to blame as they approved these cashless and incompetent owners.
I read that article, too. So happy MLB took over and now poor McCourt won’t be able to pass the team on to his sons one day as he’d preordained. “Take that, nepotism! Love, Sanity.”
These two clowns have embarrassed the fans and ruined the #1 franchise in baseball. They have within 5 years allowed the stadium to be taken over by gang thugs and have squandered a billion dollar sports company. I hope they go to jail on fraud charges or at least go bankrupt. Frank & Jamie can crawl back into the hell hole they came from. Good riddance!
“ruined the #1 franchise in baseball”
Slow down there buddy.The number one franchise is and will be for the foreseeable future, The New York Yankees.
gotta agree with everything you said except of course for the fact that the yankees are the #1 franchise in baseball.
Maybe they’ll sell the team to Jeff Zucker!! Maybe then he’ll replace all of the players with Jay Leno!! Lol!!
And maybe all the games will be played at 10 P.M.
LOL!
Hey, would MLB maybe assume control of the LA Times?
Frank has used the Dodger’s organization as his personal piggy bank for several years and due to his gross mismanagement, most of which is coming to light due to his messy divorce proceedings, he has now broken the proverbial camel’s back. I’m glad Bud Selig of MLB has put an end to it. This will be excellent in the long run and help restore the organization to its former glory.
The dodgers suck. Just get rid of the team. The fans suck to. I can’t believe how fans can almost kill somebody trying to leave the game and with all those other people there there they didn’t help out the guy a little more. You might as well move the team to Oakland and join there fans.
To what, exactly, do the fans suck?
I love when authors of moronic postings have blatant grammatical errors. They reveal their limited intelligence.
Baseball was right to make this move. With that said, you can bet your booties that FOX will not get a television deal in any way shape and form that involves the Dodgers. There will not be a local deal and MLB will allow the national deal to end.
Fox’s national deal is for the entire league (both American and National), and all 30 teams for network coverage.
And I believe the current network deals with baseball still have several years to go.
I suspect that someone will buy the L.A. Dodgets. Hopefully, they’ll have the resources to make the team competitive.
Besides, they’ve drawn more fans in the 53 years since moving west than any other team in baseball over that span.
The real Dodger fans always leave @ the 7th inning strech to avoid being mugged at the end of the game. The O’Malley’s were desperate to sell to Fox and Fox was so bummed they bought a second division team in LA.