L.A. Dodgers File for Bankruptcy

The Los Angeles Dodgers, the financially troubled baseball team owned by Frank McCourt, filed for bankruptcy protection on Monday, a move meant to prevent a takeover by MLB. The brief court document lists some of the team’s debts, including $21 million to retired slugger Manny Ramirez and $153,000 to longtime broadcaster Vin Scully. It also values the team’s assets at $500 million to $1 billion.