LOS ANGELES, Calif.–Major League Baseball announced today it is taking over the day-to-day operations of the Los Angeles Dodgers and beginning an investigation into the team’s finances.

Baseball Commissioner Bud Selig said he notified Dodgers owner Frank McCourt today that he “will appoint a representative to oversee all aspects of the business and the day-to-day operations of the club.”

“I have taken this action because of my deep concerns regarding the finances and operations of the Dodgers and to protect the best interests of the club, its great fans and all of Major League Baseball,” Selig said. “My office will continue its thorough investigation into the operations and
finances of the Dodgers and related entities during the period of Mr. McCourt’s ownership. I will announce the name of my representative in the next several days.

“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.”

The ownership of the team has been the central focus of the pending divorce of Frank and Jamie McCourt. The Los Angeles Times has reported in recent weeks that Frank McCourt took a $30 million personal loan from Fox in order to meet the team’s payroll.

There was no immediate response from the Dodgers or McCourt.