Dodgers file for bankruptcy

NEW YORK  –The Los Angeles Dodgers have filed for bankruptcy court protection just less than a week after Major League Baseball blocked the team from signing a new television deal to provide it with the cash it needed to meet the team’s payroll.

The Monday filing also comes during the wake of a bitter divorce battle between owners Frank and Jamie McCourt, who finally reached a settlement earlier this month.

Although Frank McCourt still needed approval of a new $3 billion television deal with Fox Sports, and Commissioner Bud Selig blocked the deal with the News Corp. (NWS) until last week, who said he couldn’t approve a deal which he said was ” structured to facilitate the further diversion of Dodgers assets for the personal needs of Mr. McCourt.”

McCourt had vowed to fight any effort to force him to sell the team, but that effort may now be nearing an end due to Monday’s filing. Selig had already appointed a monitor to oversee the club’s business operations.

McCourt has complained bitterly about not being able to get approval of the 17-year television deal, which he said was critical to the team meeting its liquidity needs this year.