Major League Baseball Commissioner Bud Selig today announced he has stripped Dodger owner Frank McCourt of the team’s day-to-day and business operations amid “deep concerns regarding the finances and operations of the Dodgers.” Selig made the announcement as McCourt has had to borrow $30 million to pay Dodger employees, and the team has been hit with the fallout from the brutal beating of a Giants fan in the stadium parking lot after this year’s season opener. Selig in a statement said:
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.
It’s not clear what all this means for the future of the team and the stadium property, which includes 300 acres between Echo Park and Solano Canyon. In 2008, McCourt announced an ambitious $500 million plan to build a museum, restaurants, shops, parking garages and a “green necklace” of 2,000 trees by 2012.
Dodgers takeover. L.A. Times
Selig to appoint rep to oversee Dodgers. MLB