Why Sports in LA Are in Disarray

On April 20, Major League Baseball took control of the Los Angeles Dodgers, a team whose overleveraged owner is going through a humiliating public divorce and steering the franchise towards bankruptcy. The Dodgers’ financial situation had been so dire that last week Frank McCourt, who is fighting for ownership of the team with his estranged wife, Jamie, needed a $30 million loan from Fox, the team’s television partner, to make payroll.