Major League Baseball is taking over the Los Angeles Dodgers, a team financially paralyzed by the divorce of its owners.
Baseball Commissioner Bud Selig says in a release Wednesday that he will appoint a representative to oversee the "business and the day-to-day operations of the Club."
Selig says he took action "because of my deep concerns regarding the finances and operations of the Dodgers."
His decision followed a report by the Los Angeles Times that owner Frank McCourt had arranged a $30 million loan from the Fox, the team's television partner.
Selig says he will announce the new team head in the next several days.
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