Dodgers file for bankruptcy
A. Isaac 
The L.A. Dodgers filed for bankruptcy Monday morning after months of instability in the organization. Owner Frank McCourt has secured financing and on Tuesday the court will decide if he retains control of the club during bankruptcy proceedings.
McCourt has obtained $150 million in interim financing, according to a statement issued on his behalf. If the bankruptcy court approves that financing on Tuesday, McCourt would meet Thursday’s payroll deadline and could remain in control of the club throughout the bankruptcy proceedings, with the intention of negotiating a television rights deal that would satisfy the court by paying off all creditors in full.
Under the Major League Baseball constitution, the act of filing for bankruptcy enables the commissioner to strip McCourt of ownership. However, bankruptcy court proceedings generally override MLB rules.
If you’re confused by this back and forth between the Dodgers, McCourt and MLB, join the club. How an owner still has control after losing it to MLB and then secures funding to try and get it back makes little sense to me. I’m starting to think maybe they should just disband the Dodgers and auction away players on live TV.
Dodgers bankruptcy: Frank McCourt says Bud Selig forced the move [L.A. Times]
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