Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Dodgers File for Bankruptcy: Manny Ramirez Biggest Creditor

Move comes days before payroll due

By Matt Cantor,  Newser Staff

Posted Jun 27, 2011 9:05 AM CDT | Updated Jun 27, 2011 10:55 AM CDT

(Newser) – With owner Frank McCourt unable to meet this week’s payroll, the Los Angeles Dodgers have filed for bankruptcy. McCourt will likely hold that this means Major League Baseball can’t take over the team, notes Craig Calcaterra at NBC Sports, though the courts may decide otherwise in the coming days. "The end game for McCourt doesn’t look all that better than it did before," he writes. One detail noted by MarketWatch: The biggest creditor listed in the bankruptcy papers is former outfielder Manny Ramirez. The team still owes him $21 million.

In a statement, McCourt blasted baseball chief Bud Selig for refusing to approve a TV deal with Fox. “He’s turned his back on the Dodgers, treated us differently, and forced us to the point we find ourselves in today. I simply cannot allow the commissioner to knowingly and intentionally be in a position to expose the Dodgers to financial risk any longer.” Click for more on the soap-opera-esque McCourt story.

Los Angeles Dodgers owner Frank McCourt speaks to media outside court Friday June 17, 2011 in Los Angeles.
Los Angeles Dodgers owner Frank McCourt speaks to media outside court Friday June 17, 2011 in Los Angeles.   (AP Photo/Nick Ut)
A 2010 file photo of Manny Ramirez.
A 2010 file photo of Manny Ramirez.   (AP Photo/Jeff Roberson, File)
Los Angeles Dodgers starting pitcher Clayton Kershaw throws Sunday, June 26, 2011, in Los Angeles.
Los Angeles Dodgers starting pitcher Clayton Kershaw throws Sunday, June 26, 2011, in Los Angeles.   (AP Photo/Mark J. Terrill)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
44%
5%
32%
3%
2%
13%
To report an error on this story, notify our editors.
COMMENTS
Showing 3 of 7 comments
wasntme
Jun 22, 2012 9:04 PM CDT
Damn unions fault.
trailmix
Jun 28, 2011 9:50 AM CDT
Why should the Dodgers have to honor the contract?  Manny doped up and didn't honor his side of the deal. The contract should be voided.
pg13
Jun 27, 2011 2:25 PM CDT
Manny will get paid.   With interest.   The next TV contract will take care of that.
 

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment   |   NewsOne