Apparently we know who wears the pants in the McCourt Family [currently] of Los Angeles. It's Major-League Baseball Commisioner Bud Selig! [and you didn't think he cared!].
Major League Baseball has requested access to the Los Angeles Dodgers Finances. They have already appointed their own man to watch the spending and approve any transaction over $5,000. The rumor is that with their current state of cash-flow and accounts on-hand, they will be unable to make their payroll on May 31st, 2011. MLB has indicated they will step-in and make that payroll if needed.
It is a sad state of affairs for the Frank McCourt family as well as the Los Angeles Dodgers. I am very glad that Frank [who made what little money he HAD from parkinglot concessions and land in downtown Boston] was not able to pursuede MLB that he was able to buy the Boston Red Sox [when he tried] around the same time that John Henry's group did. I bet the Boston Red Sox would NOT have been able to pull off those WS wins in 2004 and 2007 if he had. There might have even been a firesale on Yawkee way to make payroll. Very sad for the Dodgers, though.
Hopefully MLB can straighten it out without too much blood-shed.
June 21st Update: MLB [Bud Selig] "Shot-Down" the McCourt plan to have Fox TV infuse cash [$3B over 20 years?] stating that it was not in the Best Interest of the Dodgers OR MLB. This cancelled transaction should spell the unraveling of Frank McCourt and the LA Dodgers. His finances will begin to unwind as he fights battle over battle with his wife and their lavish homes and Life-Style. It WILL get Bloody.
June 27th Update: What a sad state of affairs for the Los Angeles Dodgers and Major League Baseball. The Frank McCourt debacle has turned into the filing of Bankruptcy for the Proud Institution that is The Dodgers. Hopefully this can all turn out OK for the Team and MLB. But I worry, that since McCourt and his soon-to-be-ex-wife are squabbling so much, that it will end badly and get dragged out forever.
Hopefully there is a savior out there [with really deep pockets!].
One Funny Side-Note: In the Bankruptcy filing the single largest Creditor the Dodgers have [at this time] is Manny Ramirez. Now wouldn't that be funny a team quitting on {paying} Manny [instead of the other way around!]
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