Here's the initial report from The Associated Press:The Los Angeles Dodgers have filed for bankruptcy protection in a Delaware court.Dodgers owner Frank McCourt cites Major League Baseball commissioner Bud Selig's interference with club operations and refusal to approve a Dodgers TV deal with Fox Sports as the cause for Monday's bankruptcy filing.In a news release, the team says Chapter 11 bankruptcy protection will provide the Dodgers with a process to address its immediate financing requirements and obtain the capital necessary to ensure the baseball franchise's long-term financial stability.He says the Dodgers have tried for almost a year to have Selig approve the Fox transaction, saying it would make the Dodgers one of the strongest capitalized franchises in Major Leagu
McCourt takes Dodgers into bankruptcy filing
Published June 27, 2011 at 7:35 AM
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