Los Angeles Dodgers Owner Frank McCourt Blames Bud Selig For Bankruptcy

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:

"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.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.