LOS ANGELES
Major League Baseball is performing an intervention on the Los Angeles Dodgers.
Commissioner Bud Selig will appoint a representative to oversee the club. Selig declined to identify the representative Wednesday, but he announced that the person would “oversee all aspects of the business and day-to-day operations of the Club.”
Dodgers owner Frank McCourt does not plan to go down without a fight.
He intends to take legal action against baseball for appointing a representative to oversee the Dodgers, major league sources say.
The Dodgers released a statement Wednesday night on behalf of McCourt:
"Major League Baseball sets strict financial guidelines which all 30 teams must follow. The Dodgers are in compliance with these guidelines. On this basis, it is hard to understand the Commissioner's action today."
An owner is permitted to sue baseball, one source said, and those who know McCourt have said for weeks that he would mount a vigorous legal fight to maintain control of the team, if necessary.
Selig said in a statement that he took action because of “deep concerns regarding the finances and operations of the Dodgers and to protect the best interests of the club.”
Those concerns include security in the aftermath of an attack on San Francisco Giants fan Bryan Stow at Dodger Stadium, an attack that left Stow in a medically induced coma.
However, McCourt also is in the middle of a costly divorce from his wife, Jamie, and is running short on funds, sources say.
Jamie McCourt released a statement Wednesday afternoon responding to the earlier news that MLB is taking control of day-to-day operations of the Dodgers:
“As the 50% owner of the Los Angeles Dodgers, I welcome and support the Commissioner’s actions to provide the necessary transparency, guidance and direction for the franchise and for Dodgers fans everywhere.”
The Dodgers reportedly are under great financial strain; McCourt recently received a $30 million personal loan from FOX to help the Dodgers cover their expenses into next month, according to the Los Angeles Times.
And McCourt could be in more trouble. TMZ reported Wednesday that the Internal Revenue Service is investigating the finances surrounding the Dodgers as well as Frank and Jamie McCourt.
According to the site, the IRS is looking into:
Read More Here
Major League Baseball is performing an intervention on the Los Angeles Dodgers.
Commissioner Bud Selig will appoint a representative to oversee the club. Selig declined to identify the representative Wednesday, but he announced that the person would “oversee all aspects of the business and day-to-day operations of the Club.”
Dodgers owner Frank McCourt does not plan to go down without a fight.
He intends to take legal action against baseball for appointing a representative to oversee the Dodgers, major league sources say.
The Dodgers released a statement Wednesday night on behalf of McCourt:
"Major League Baseball sets strict financial guidelines which all 30 teams must follow. The Dodgers are in compliance with these guidelines. On this basis, it is hard to understand the Commissioner's action today."
An owner is permitted to sue baseball, one source said, and those who know McCourt have said for weeks that he would mount a vigorous legal fight to maintain control of the team, if necessary.
Selig said in a statement that he took action because of “deep concerns regarding the finances and operations of the Dodgers and to protect the best interests of the club.”
Those concerns include security in the aftermath of an attack on San Francisco Giants fan Bryan Stow at Dodger Stadium, an attack that left Stow in a medically induced coma.
However, McCourt also is in the middle of a costly divorce from his wife, Jamie, and is running short on funds, sources say.
Jamie McCourt released a statement Wednesday afternoon responding to the earlier news that MLB is taking control of day-to-day operations of the Dodgers:
“As the 50% owner of the Los Angeles Dodgers, I welcome and support the Commissioner’s actions to provide the necessary transparency, guidance and direction for the franchise and for Dodgers fans everywhere.”
The Dodgers reportedly are under great financial strain; McCourt recently received a $30 million personal loan from FOX to help the Dodgers cover their expenses into next month, according to the Los Angeles Times.
And McCourt could be in more trouble. TMZ reported Wednesday that the Internal Revenue Service is investigating the finances surrounding the Dodgers as well as Frank and Jamie McCourt.
According to the site, the IRS is looking into:
- Disclosures that the McCourts took $145 million from the team and paid no taxes.
- McCourt children receiving a salary but performing no services
- Team losses that were carried forward.
Read More Here
