Monday, June 27, 2011

Dodgers File for Bankruptcy

News from the west coast, Frank McCourt's Dodgers have filed for bankruptcy. The filing puts a halt on all legal action concerning the Dodgers. McCourt will argue that this will prevent a takeover from Major League baseball, though the court may decide differently. The court may in fact order the sale of the team. Perhaps auctioning it off similarly to the Texas Rangers sale.

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