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Frank McCourt takes Dodgers into bankruptcy court

June 27, 2011 |  6:15 am

Frank McCourt walks into his office at Dodger Stadium April 29.

Click to read the bankruptcy filingThe Dodgers filed for bankruptcy protection on Monday.

Owner Frank McCourt said he had lined up $150 million in interim financing so he could keep control of the team during the bankruptcy proceedings.

Photos: The Dodgers and the McCourts

In a news release, the decision to file bankruptcy was described as a move to "protect the franchise financially and provide a path that will enable the club to consummate a media transaction and capitalize the team."

See the complete statement on the Dodgers' bankruptcy filing.


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-- Bill Shaikin

Photo: Frank McCourt outside his office at Dodger Stadium, April 29, 2011. Credit: Damian Dovarganes / Associated Press