The Los Angeles Dodgers have filed for Chapter 11 bankruptcy protection in the state of Delaware, and according to Dodgers owner Frank McCourt, it's all the fault of Major League Baseball and MLB Commissioner Bud Selig. The league assumed day-to-day control of the Dodgers in April because of the team's financial difficulties, but that didn't stop McCourt from trying to secure a new television deal for the team. The 17 year, $3 billion deal that would have included $385 million up front was vetoed by the league, and McCourt claims that losing that deal is what forced the team into bankruptcy. McCourt said, in a statement:
Los Angeles Dodgers Owner Frank McCourt Blames Bud Selig For Bankruptcy
“We brought the commissioner a media rights deal that would have solved the cash flow challenge I presented to him a year ago...Yet he’s turned his back on the Dodgers, treated us differently, and forced us to the point we find ourselves in today.”
Major League Baseball had no immediate comment on the matter. The Dodgers’ bankruptcy filing shows debts in the hundreds of millions, and they have reportedly secured $150 million in financing that will allow them to make payroll during the bankruptcy proceedings.
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