This is copied from www.dodgerdugout.com. Yes, I am too lazy to write anything original, but I certainly wanted to get everyone's reaction. Is it possible that Frank McCourt is more of a disaster than Manny?!
Official Press Release
This is all Frank could come up with:
"Major League Baseball sets strict financial guidelines which all 30 teams must follow. The Dodgers are in compliance with these guidelines. On this basis, it is hard to understand the Commissioner's action today."
MLB To Oversee the Dodgers
It's the beginning of the end for Frank McCourt. Bud Selig, per the LA Times, has decided that enough is enough:
"Pursuant to my authority as Commissioner, I informed Los Angeles Dodgers owner Frank McCourt today that I will appoint a representative to oversee all aspects of the business and the day-to-day operations of the Club. I have taken this action because of my deep concerns regarding the finances and operations of the Dodgers and to protect the best interests of the Club, its great fans and all of Major League Baseball. My office will continue its thorough investigation into the operations and finances of the Dodgers and related entities during the period of Mr. McCourt's ownership. I will announce the name of my representative in the next several days. The Dodgers have been one of the most prestigious franchises in all of sports, and we owe it to their legion of loyal fans to ensure that this club is being operated properly now and will be guided appropriately in the future."
The NY Times adds:
But two people with knowledge of the situation said that he was also strongly considering forcing the sale of the team by invoking his “bests interests of baseball” powers to wrest the team from Frank McCourt, the owner since 2004, who he believes has mismanaged the franchise while enriching himself.
And TMZ chips in with this:
IRS agents are interested in the fact that the McCourts took $145 million from the team and paid no taxes (certain court documents place the figure at around $105 million, but we’re told it’s actually $145 mil).
The IRS is also interested in the fact that the McCourt children have drawn a salary from the team but performed no apparent services to justify the payout.