Sunday, April 24, 2011

MLB Take L.A. Dodgers

Major League Baseball decided to assume the administration of the L.A. Dodgers, a team overwhelmed their finances after the divorce of their owners.

Commissioner Bud Selig announced that he will appoint arepresentative to handle the "financial management and daily operations of the club. "

Selig said in a statement it took the action because of my deep concern about finances and conduct of the Dodgers.

His decision was announced after Los Angeles Times reported that owner Frank McCourt had processed a loan of 30 million dollars from Fox, the television network that broadcasts the team's games.

Selig had not given his approval to a new long-term contract between the franchise and Fox, and the Times said the Dodgers needed the money to pay its payroll. "My office will continue itsthorough investigation of the operations and finances of theDodgers and its related entities during the period that Mr. McCourthas been the owner, " said Selig.

"The Dodgers have been one of the most prestigious franchise in all sports, and we owe it to his legion of loyal fans to make sure thisclub is run properly now and will be guided properly in the future, "he added.

Selig said he will announce the new director of the club in the coming days.

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