Dodgers File For Bankruptcy

TMZ is reporting that the LA Dodger's owner Frank McCourt has decided to file for bankruptcy.

It's a huge development in the saga of the troubled team. Frank McCourt has been struggling to make the payroll. Interestingly, the creditors include 23 current team members and former Dodger Manny Ramirez, who is owed $20,992,086. Andrew Jones, also a former member, is owed $11,075,000 and current slugger Matt Kemp is owed $216,944.

The trigger for the Chapter 11 Bankruptcy filing was Selig's decision to kill the $3 billion Fox deal to broadcast Dodger games.

McCourt was bitter, saying Selig has "turned his back on the Dodgers, treated us differently, and forced us to the point we find ourselves in today."

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