Tuesday, October 25, 2011

Dodgers' Owner 'Looted' Team of $190 Million, League Claims

Frank McCourt, the Los Angeles Dodgers owner, "looted" the club of about $190 million, lawyers for Major League Baseball contend in a U.S. Bankruptcy Court filing.

The league made the accusation yesterday in a 61-page brief in Wilmington, Delaware, asking a judge to prematurely end the team's exclusive right to formulate a reorganization plan in favor of the league's plan to sell the team. The filing was among a series of documents from MLB and the Dodgers in which they trade allegations about who is responsible for the team's financial troubles.

Read the rest of the article at the San Francisco Chronicle

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