Via the AP:
NEW YORK — Major League Baseball is taking over the Los Angeles Dodgers, a team financially paralyzed by the divorce of its owners.
Baseball Commissioner Bud Selig says in a release Wednesday that he will appoint a representative to oversee the “business and the day-to-day operations of the Club.”
Selig says he took action “because of my deep concerns regarding the finances and operations of the Dodgers.”
His decision followed a report by the Los Angeles Times that owner Frank McCourt had arranged a $30 million loan from the Fox, the team’s television partner.
Between the Dodgers and the Mets, the finances of the National League’s two biggest-market teams are a shambles.