In the interim, the league appointed a monitor to oversee the Dodgers’ day-to-day operations. That didn’t sit too well with Frank McCourt and company, and Thursday the team sent a letter to MLB’s representative, warning him not to interfere.
“The letter cited a routine order in all bankruptcy cases known as the automatic stay, which temporarily halts lawsuits while a company tries to reorganize under court protection, according to the person, who has seen the letter and wasn’t authorized to speak publicly about it.”
Whether this warning shot does anything to keep Selig from taking control of the team remains to be seen.
But don’t lose hope, Dodgers faithful! The Wall Street Journal’s Jared Diamond has proof that major sports franchises who file for Chapter 11 bankruptcy can rebound — and quite quickly.
Just flip the page back to the 2010 MLB season when Nolan Ryan’s Texas Rangers went belly up and made it all the way to the World Series.
Just don’t ask Cubs fans for any sympathy.
The Los Angeles Times provided a handy-dandy chronological review of how McCourt and the Dodgers fell into their current predicament