2011–12 Los Angeles Dodgers ownership dispute
From Wikipedia, the free encyclopedia
The 2011–12 Los Angeles Dodgers ownership dispute was a period of turmoil at the management level of the Los Angeles Dodgers organization, which began when Major League Baseball (MLB) seized control of the team from owner Frank McCourt on April 20, 2011. The following dispute over ownership of the franchise was not resolved until the team was sold to new owners one year later, on May 1, 2012.[1]
MLB Commissioner Bud Selig announced that the takeover was due to concerns over the Dodgers' finances and the ability of McCourt to run the team.[2] Selig announced his intention to appoint an overseer to supervise the day-to-day financial management of the Dodgers. In June, as the Dodgers struggled to meet payroll, Selig rejected a television contract that would have pumped money into the organization. This led to the Dodgers filing for bankruptcy and being forced to negotiate a loan with MLB to keep the club operating.
After a year of negotiations and court proceedings, the dispute ended with the sale of the team to Guggenheim Baseball Management LLC.[3]