Selig: ‘Deep concerns’ about Dodgers’ finances

Major League Baseball Commissioner Bud Selig issued the

following statement Wednesday, announcing the league will take over

operation of the Los Angeles Dodgers:

”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.”