Six-time World Series winners and one of Major League Baseball’s (MLB) most successful franchises, the Los Angeles Dodgers, filed for bankruptcy in an American court on Monday
The move comes after the MLB — who took charge of the team in April to ensure they “will be guided appropriately in the future” — rejected a television rights deal last week which would have provided them with a much-needed financial boost.
MLB commissioner Bud Selig turned down the proposed $3 billion agreement with the FOX network, citing it was not in the “best interest of the fans, the teams or the game.”
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