Los Angeles Dodgers Bankrupt:

Frank McCourt says Bud Selig forced the move.

Wow

The Dodgers announce they have filed for bankruptcy protection for the financial good of the team. If the court approves interim financing, owner Frank McCourt could meet Thursday’s payroll and remain in control of the Dodgers through bankruptcy proceedings.

Manny Ramirez is the Dodgers’ largest creditor, according to the bankruptcy filing. The Dodgers owe Ramirez $21 million, followed by Andruw Jones ($11 million), Hiroki Kuroda ($4.5 million), Rafael Furcal ($3.7 million) and the Chicago White Sox ($3.5 million, for Juan Pierre).

The list of creditors includes much of the current Dodgers roster, Hall of Fame broadcaster Vin Scully ($152,778), the city of Los Angeles ($240,563 in tax debt) and two players yet to play for the Dodgers (prospects Zach Lee at $3.4 million and Alexander Santana at $499,500).