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Frank McCourt, Dodgers File For Chapter 11 Bankruptcy

Well, it seems like the inevitable has finally happens. After months of will-they or won't-they, Frank McCourt is bringing the Los Angeles Dodgers into Bankruptcy Court. They have filed for bankruptcy protection on Monday, according to the Los Angeles Times.

In a news release, the decision to file bankruptcy was described as a move to "protect the franchise financially and provide a path that will enable the club to consummate a media transaction and capitalize the team."

In what has been an incredibly embarrassing few months for the organization, this might be the absolute worst part of the whole thing. The Dodgers, one of the proudest franchises in all of Baseball, can not afford to make their payroll because of the divorce between their owners. Now, Frank McCourt has lined up some interim financing to help see the organization through this troubled time, but I wouldn't be surprised if control was taken from him by Major League Baseball sooner rather than later.

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