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Dodgers Lack Cash To Meet Payroll

The Los Angeles Times is reporting that the Los Angeles Dodgers don’t have enough money to meet their payroll at the end of the month. John Schlegel, of mlb.com, has the story, below.

(Photo by Kevork Djansezian/Getty Images)

Los Angeles Dodgers owner Frank McCourt

The Dodgers currently do not have enough cash to meet their payroll at the end of May, according to a report in the Los Angeles Times, putting owner Frank McCourt’s stewardship of the franchise in further jeopardy.

With Major League Baseball in the midst of an investigation into McCourt’s finances and former Rangers president and U.S. ambassador Tom Schieffer appointed to monitor the situation, a payroll shortfall could lead to MLB temporarily taking over the franchise’s operation from McCourt, according to the report. Currently, Schieffer must approve any financial transactions for $5,000 or more.

http://mlb.mlb.com/news/article.jsp?ymd=20110504&content_id=18632926&vkey=news_mlb&c_id=mlb

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