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Los Angeles Dodgers file for bankruptcy

By Laurie Bennett

June 27, 2011 at 9:36am

There is no joy in LA-ville.

Blaming Baseball Commissioner Bud Selig’s veto last week of a long-term media deal, the Los Angeles Dodgers have filed for Chapter 11 bankruptcy protection.

Team owner Frank McCourt issued a statement saying he hoped that the court proceedings “will create a fair and constructive environment to get done what we couldn’t achieve with the commissioner directly.”

According to the statement, the team will continue playing and salaries will be paid.

McCourt also filed bankruptcy for the compoany that owns Dodger Stadium and three other related holding companies.

Filings show that McCourt owes big money to some big people, including former player Manny Ramirez and announcer Vin Scully.

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