The Los Angeles Dodgers filed for bankruptcy protection today, June 27, 2011. The Dodgers franchise listed assets of as much as $1 billion and debt of as much as $500 million in their filing in Wilmington, Delaware. Frank McCourt a real-estate developer bought the Dodgers from Rupert Murdoch’s News Corp. in 2004 for $430 million.
It's a sad day in Mudville. Mighty Casey is at bat.