Today, Major League Baseball Commissioner Bud Selig announced that MLB would be taking over the day-to-day operations of the Los Angeles Dodgers. Selig is expected to name a steward to oversee this task in the next several days.

This move comes only days after Dodgers owner Frank McCourt received a $30-million loan from FOX (which previously owned the team) to meet the Dodgers’ payroll.

McCourt has been embroiled in a bitter divorce which has frittered away at his fortune and has thrown the storied franchise into chaos. It is believed that McCourt is in debt to the tune of $400-million.

Of course, this could have happened to the Boston Red Sox. McCourt, who is a native of Brookline, Massachusetts, tried to buy the Red Sox a decade ago. The Sox, of course, were instead purchased by John Henry and Tom Werner. So MLB definitely made the right call on that one.

Still, it is a shame to see an organization like the Dodgers in this sorry state.