Blog Entry

MLB appointing trustee to oversee Dodgers

Posted on: April 20, 2011 5:17 pm
Edited on: April 21, 2011 12:41 am
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By C. Trent Rosecrans

In what looks like the beginning of the end of Frank McCourt's ownership of the Los Angeles Dodgers, Major League Baseball has announced it will appoint a representative to oversee all aspects of the business and the day-to-day of the Dodgers.

Here's the statement from 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."

McCourt had recently taken a $30 million loan from FOX to help cover its payroll without the knowledge or blessing of Selig and it was reportedly not met well in the commissioner's office. 

UPDATE

By Evan Brunell

Jamie McCourt has come out with her own statement, briefly stating that "As the 50% owner of the Los Angeles Dodgers, I welcome and support the Commissioner’s actions to provide the necessary transparency, guidance and direction for the franchise and for Dodgers fans everywhere."

And now, Frank McCourt comes out with his own statement hours after the news, releasing it at 12:15 p.m. EST. Nice one there, Frank:

"Major League Baseball sets strict financial guidelines which all 30 teams must follow. The Dodgers are in compliance with these guidelines. On this basis, it is hard to understand the commissioner's decision today," McCourt said, who is likely readying a battle in court over the decision.

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Category: MLB
Comments

Since: Oct 7, 2011
Posted on: October 18, 2011 10:42 am
 

MLB appointing trustee to oversee Dodgers

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Since: Aug 25, 2009
Posted on: April 20, 2011 7:16 pm
 

MLB appointing trustee to oversee Dodgers



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