It took over seven hours, but Dodgers owner Frank McCourt has finally responded to Bud Selig and Major League Baseball, who announced today they would be overseeing the finances and day-to-day operations of the Dodgers. The statement from McCourt was short, sweet, and defiant, saying only, "Major League Baseball sets strict financial guidelines which all 30 teams must follow.  The Dodgers are in compliance with these guidelines.  On this basis, it is hard to understand the Commissioner's action today."

Earlier today, in his statement announcing MLB's takeover of the Dodgers, commissioner Selig said, "The Dodgers have been one of the most prestigious franchises in all of sports, and we owe it to their legion of loyal fans to ensure that this club is being operated properly now and will be guided appropriately in the future."

For more Dodgers news and information, be sure to read the SB Nation blog True Blue LA.