9:00am
PowerNation: Xtreme Off Road: 4x4 Mayhem
9:30am
PowerNation: Engine Power: PowerStop Z06: Supercharged
10:30am
PowerNation: Detroit Muscle: Hot Rod How-to: Interiors
10:00am
11:30am
12:00pm
2:00pm
World's Wildest Police Videos: Robertson Chase
3:00pm
World's Wildest Police Videos: Wrong Way Spiked Runner
5:30pm
6:30pm

Dodgers' Losing Streak Continues as Owner Files for Bankruptcy Protection

by DannyGallagher   June 27, 2011 at 7:00PM  |  Views: 235

Other than Bill Buckner's World Series error, the Black Sox scandal, and the Chicago Cubs' entire history, there are very few stories that equal the tragedy of the L.A. Dodgers. Today, it just got a little bad sadder.

Major League Baseball has forced the long-suffering Dodgers to file for bankruptcy protection after racking up a $40 million tab with creditors, their home city, and some of their highest paid players including Manny Ramirez who alone takes up more than half of the team's heavy debt.

The latest move gives the team $150 million to keep up with its payroll and debts if approved by a bankruptcy court in Delaware, where owner Frank McCourt issued the filing. This will keep the team and its assets solvent until a new buyer can be found for the team's cable television contract in the next six months. McCourt said that Selig's refusal to accept a contract with Fox forced the team to file for bankruptcy.

Photo: Stephen Dunn/Getty Images Sport

Most Liked Videos This Week

THE DAILY FOUR