The Los Angeles Dodgers filed for Chapter 11 bankruptcy protection in a Delaware court Monday, the latest setback this year for the baseball organization.
In the filing, the Dodgers cite MLB Commissioner Bud Selig‘s decision not to approve a multibillion-dollar TV deal with Fox last week. By filing for Chapter 11, Frank McCourt is allowed to use $150 million to finance the team, which means he could meet payroll at the end of this week.
“He’s [Bud Selig] turned his back on the Dodgers, treated us differently, and forced us to the point we find ourselves in today,” McCourt said in a statement. “I simply cannot allow the Commissioner to knowingly and intentionally be in a position to expose the Dodgers to financial risk any longer. It is my hope that the Chapter 11 process will create a fair and constructive environment to get done what we couldn’t achieve with the Commissioner directly.”
- 'Michael Sam' Documentary Airs Tomorrow on OWN
- ESPN’s Unique Take on ‘Twas the Night Before Christmas’ with Frank Caliendo
- Grabbing ESPN's Alexi Lalas Signals Fox Has 'Big and Bold' Plans for Soccer
- President Obama: 'I Spend Most of My Time Watching ESPN in the Morning'