laughing out loud!Major League Baseball is performing an intervention on the Los Angeles Dodgers. Commissioner Bud Selig will appoint a representative to oversee all aspects of the club. The identity of the representative, however, will not be immediately revealed. Baseball has "general, deep concerns" regarding the way the Dodgers are being operated, one source said.
Those concerns include not just owner Frank McCourt’s well-documented financial troubles, but also security in the aftermath of an attack on San Francisco Giants fan Bryan Stow at Dodger Stadium, an attack that left Stow in a medically induced coma.The Dodgers reportedly are under great financial strain; McCourt recently received a $30 million personal loan from FOX to help the Dodgers cover their expenses into next month, according to the Los Angeles Times.
It is not clear whether baseball will cite the Dodgers for violating the debt-service rule, which ties the amount of debt that a team is allowed to carry to its cash flow.Those who know McCourt expect that he will mount a vigorous legal fight to maintain control of the Dodgers. However, he also is in the middle of a costly divorce from his wife, Jamie, and is running short on funds, sources say. In February, Selig rejected a proposal under which FOX would have loaned the Dodgers $200 million. Court documents revealed that the McCourts had used the team’s profits to maintain an extravagant lifestyle, rather than reinvest in the team.Baseball Commissioner Allan H. (Bud) Selig issued the following statement Wednesday regarding the Los
"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."
http://msn.foxsports.com/mlb/story/Majo ... ons-042011