Bud Selig announces MLB is taking over operations of the Dodgers because of concerns over team finances and the ability of Frank McCourt to run the franchise. Los Angeles is facing substantial debt payments, which the owner plans to meet by using funding from the club’s new $2.5 billion, 20-year media-rights deal with Fox Sports, but the Commissioner has withheld his approval of the agreement between the News Corp.’s media company and the team.
On April 20, 2011 — Bud Selig announces MLB is taking over operations of the Dodgers because of concerns over team finances and the ability of Frank McCourt to run the franchise. Los Angeles is facing substantial debt payments, which the owner plans to meet by using funding from the club’s new $2.5 billion, 20-year media-rights deal with Fox Sports, but the Commissioner has withheld his approval of the agreement between the News Corp.’s media company and the team.
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National Pastime