The Los Angeles Dodgers on Monday filed for bankruptcy protection, blaming Major League Baseball for refusing to approve a television deal with News Corp’s Fox Network to give the financially strapped baseball team a quick injection of cash.
Dodgers owner Frank McCourt has been struggling to meet payroll and other financial commitments, having been heavily in debt and locked in a bitter divorce battle with his former wife Jamie tied to the team’s ownership.
On June 20, the league rejected a proposed $3 billion, 17-year transaction with Fox, saying it would not be in the best interests of the Dodgers, the game and fans. Baseball has been monitoring the Dodgers’ day-to-day operations.
Full story: Los Angeles Dodgers file for bankruptcy