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Major League Baseball announces plan to take over Los Angeles Dodgers

Major League Baseball Commissioner Bud Selig doesn't seem to be able to hide his frustration as he explained today why the league took this extraordinary step. It's hard for me to understand how this historic franchise has fallen on such hard times. Of course, owners Frank and Jamie McCourt denied financial problems.

Brendan Mcdermid / Reuters

Major League Baseball Commissioner Bud Selig speaks during a news conference in New York, April 21. Major League Baseball (MLB), in an extraordinary move, plans to take control of the day-to-day operations of the Los Angeles Dodgers because of mounting concern over the franchise's financial plight.

Kevork Djansezian / Getty Images

A view of pregame ceremonies prior to the Los Angeles Dodgers playing the San Francisco Giants on Opening Day at Dodger Stadium on March 31 in Los Angeles, California.