Posted on 04/20/2011 2:30:54 PM PDT by Beaten Valve
Bill Shaikin of the Los Angeles Times reports that Bud Selig will announce this afternoon that Major League Baseball is going to take over the financial operations of the Dodgers. UPDATE: Major League Baseball has just issued the following statement on behalf of Bud Selig:
“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. 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.”
This statement suggests that this will me more than a mere receivership. McCourt is being pushed out. And not only that, he’s being “investigated.” This is a far more harsh oversight regime than Tom Hicks got in Texas. This is, I believe, unprecedented.
(Excerpt) Read more at hardballtalk.nbcsports.com ...
I know nothing about the Dodgers. How can the “owner” be told what to do?
When he has a franchise agreement with MLB.
It's a Major League Baseball team in Los Angeles.
ping
Goodbye McCourts, hello Dennis Gilbert, who is almost certainly the presumptive purchaser.
I suspect he doesn’t know anything about MLB either.
You were saying...???
:):)
I wonder if there is actually a buyer, and that is why MLB did this? Selig must be good at poker. There has been no hint that he has even been THINKING of this.
What a development!! Hooray and hallelujah.
Does this mean that they will now move back to Brooklyn? LOL
On the next flight to Boston, please!!!
Woo Hoo!!!
Are the Mets next?
#4, my all-time favorite Dodger, Duke Snider!
You know, L.A. hasn’t even announced any plans for tribute to the man.... shameful.
According to Forbes, McCourt only has about $300 million in equity out of the $800 million the team is worth. All those big houses and lawyers cost money!
http://blogs.forbes.com/mikeozanian/2011/04/20/mccourt-sucking-equity-out-of-los-angeles-dodgers/
Will wonders never cease...
But that’s not important right now.
Seriously, I almost don’t care who ends up with the team as long as he or she gets the team to bring home the hardware. We’re overdue.
This will be a disaster for the Dodgers. MLB took over the Expos and ran them until they were sold as the Nationals. While MLB held them they let the farm and scouting systems go to hell, the Nationals are just now starting to dig out from that hole.
Walter O’Malley is rolling in his grave....
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