Dodgers file for bankruptcy protection (AP)

FILE - In this Sept. 25, 2008, file photo, Los Angeles Dodgers owner and chairman Frank McCourt and his wife, Jamie McCourt, is seen after the Dodgers' baseball game against the San Diego Padres in Los Angeles. On Monday, Baseball Commissioner Bud Selig rejected a proposed television deal between the Los Angeles Dodgers and Fox Sports that voids a recent divorce settlement between team owner Frank McCourt and his ex-wife , Jamie McCourt.

The Los Angeles Dodgers filed for bankruptcy protection in a Delaware court Monday, blaming Major League Baseball for refusing to approve a multibillion-dollar TV deal that owner Frank McCourt was counting on to keep the troubled team afloat. The Chapter 11 financing permits the Dodgers to use $150 million for daily operations and buys time for the team to seek a media deal and ensure the...


Source: http://us.rd.yahoo.com/sports/rss/top/SIG=11umrm3ur/*http%3A//sports.yahoo.com/mlb/news?slug=ap-dodgersbankruptcy

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