Los Angeles Dodgers file for bankruptcy protection
LOS ANGELES - The Los Angeles Dodgers filed for bankruptcy protection in a Delaware court Monday, blaming Major League Baseball for refusing to approve a multibillion-dollar TV deal that owner Frank McCourt was counting on to keep the troubled team afloat.
The once proud, now troubled Los Angeles Dodgers have filed for Chapter 11 bankruptcy in an effort to buy some time to complete a television-rights deal and ward off creditors.