Dodgers File for Bankruptcy: Manny Ramirez Biggest Creditor

Move comes days before payroll due
By Matt Cantor,  Newser Staff
Posted Jun 27, 2011 9:05 AM CDT
Updated Jun 27, 2011 10:55 AM CDT
Frank McCourt's Los Angeles Dodgers File for Bankruptcy
Los Angeles Dodgers owner Frank McCourt speaks to media outside court Friday June 17, 2011 in Los Angeles.   (AP Photo/Nick Ut)

With owner Frank McCourt unable to meet this week’s payroll, the Los Angeles Dodgers have filed for bankruptcy. McCourt will likely hold that this means Major League Baseball can’t take over the team, notes Craig Calcaterra at NBC Sports, though the courts may decide otherwise in the coming days. "The end game for McCourt doesn’t look all that better than it did before," he writes. One detail noted by MarketWatch: The biggest creditor listed in the bankruptcy papers is former outfielder Manny Ramirez. The team still owes him $21 million.

In a statement, McCourt blasted baseball chief Bud Selig for refusing to approve a TV deal with Fox. “He’s turned his back on the Dodgers, treated us differently, and forced us to the point we find ourselves in today. I simply cannot allow the commissioner to knowingly and intentionally be in a position to expose the Dodgers to financial risk any longer.” Click for more on the soap-opera-esque McCourt story. (Read more Los Angeles Dodgers stories.)

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