Brief, terse press release from Commissioner Selig today regarding the Dodgers.
“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.
“The Dodgers have been one of the most prestigious franchises in all of sports, and we owe it to their legion of loyal fans to ensure that this club is being operated properly now and will be guided appropriately in the future.”
The big clue that this was happening was that Selig rejected a $200 million loan and a new TV deal between Fox and the Dodgers. Fox sent McCourt a smaller $30 million loan last week just to cover payroll, which may have been the last straw. The last thing Selig and the other owners want to see is for the Dodgers to hit such a debt level that it negatively affects bidding on the team. This didn’t hurt the Rangers when Tom Hicks put the team in a similar position, but still, at some point enough is enough. Apart from the messy process of legally extricating the Dodgers from the McCourts, the team is still one of the most valuable in baseball and should attract numerous bidders, none of whom are likely to be Lew Wolff.