One of baseball's most storied franchises has been taken over by Major League Baseball.

Commissioner Bud Selig yesterday told Los Angeles Dodgers' owner Frank McCourt that he is appointing a trustee that will oversee the day-to-day operations of the club.  McCourt has been in a bitter divorce dispute with his wife Jamie, a divorce that has paralyzed the finances of the family.

More on the story from espn.com, below