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Blog Entry

Selig releases statement on Dodgers' bankruptcy

Posted on: June 27, 2011 4:51 pm
 
By C. Trent Rosecrans

Here's the statement from Major League Baseball commissioner Bud Selig on Frank McCourt filing the Dodgers for bankruptcy.

The Commissioner’s Office has spent the better part of one year working with Mr. McCourt and his representatives on the financial situation of the Los Angeles Dodgers, which was caused by Mr. McCourt’s excessive debt and his diversion of club assets for his own personal needs. We have consistently communicated to Mr. McCourt that any potential solution to his problems that contemplates mortgaging the future of the Dodgers franchise to the long-term detriment of the club, its loyal fans and the game of Baseball would not be acceptable.

My goal from the outset has been to ensure that the Dodgers are being operated properly now and will be guided appropriately in the future for their millions of fans. To date, the ideas and proposals that I have been asked to consider have not been consistent with the best interests of Baseball. The action taken today by Mr. McCourt does nothing but inflict further harm to this historic franchise.

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Category: MLB
Comments
hotmeuly
Since: Dec 2, 2011
Posted on: December 22, 2011 5:59 am
This comment has been removed.

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Since: Dec 2, 2011
Posted on: December 5, 2011 1:37 pm
 

Selig releases statement on Dodgers' bankruptcy

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Since: Oct 7, 2011
Posted on: October 19, 2011 2:32 pm
 

Selig releases statement on Dodgers' bankruptcy

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Since: Dec 3, 2007
Posted on: June 27, 2011 7:36 pm
 

Selig releases statement on Dodgers' bankruptcy

The team under the franchise rules of baseball is not private property.  You buy a franchise when you get a major league team, not a personal toy to do as you please.  The contract you buy a team under states it is a major league franchise and ownership must obey the franchise rules and requirements.  Say what you will about Selig, the history of baseball franchises backs him up in this matter.



Since: Dec 4, 2006
Posted on: June 27, 2011 6:28 pm
 

Selig releases statement on Dodgers' bankruptcy

Woulda been cheaper to keep her Frank



Since: Oct 25, 2007
Posted on: June 27, 2011 6:11 pm
 

Selig releases statement on Dodgers' bankruptcy

I think the way that the McCourts used the Dodgers as their personal piggy bank is a pretty slimey thing to do, as a fan we want to see every last penny going back into the club to make it better and not wasted on the owner's extravagent lifestyle.  That being said, since when is it okay in America to tell someone how they can or cannot spend their own money?  The team is private property and is owned by the McCourts, maybe Selig and his cronies should have done a little more research before approving their purchase of the Dodgers as I am sure that the McCourts didn't become gluttons for excess yesterday.  Now we get to sit back and watch Selig and MLB get sued by the McCourts - and it will be both of them as the divorce was contingent on the Fox deal being approved -  for not approving the $1.7 billion TV deal with Fox.  Hey, perhaps this is what the McCourts hoped for as the financial repercussions of a successful lawsuit will be huge.  What legal ground does Selig have to deny this deal and are the coffers of MLB deep enough to pay out the damages when the court recognizes he doesn't have a leg to stand on?  And in the mean time, we get the Expoization of yet another major league franchise.  Pathetic.


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