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Published on Jun 27, 2011
The Los Angeles Dodgers have filed for Chapter 11 bankruptcy protection. The move comes three days before payroll is due.
The team filed for bankruptcy protection, "in order to protect the franchise financially and provide a path that will enable the Club to consummate a media transaction and capitalize the team," according to a news release
Under the filing, former Dodger Manny Ramirez is listed as the number one unsecured creditor. He's owed nearly $21 million, according to the bankruptcy filing.
Andruw Jones, who now plays for the New York Yankees, is owed more than $11 million and Dodgers announcer, Vin Scully, is owed $152,778