The television contract that Dodgers owner Frank McCourt presented as the team’s financial salvation would instead have crippled the club’s ability to compete and saddled McCourt and his affiliated companies with close to $1 billion in debt, Commissioner Bud Selig wrote in a 11-page letter rejecting the deal.
In the letter, Selig also wrote that he had learned the Internal Revenue Service was investigating McCourt’s tax returns from 2006, 2007 and 2008. The letter, dated June 20, is included among court filings in the Dodgers’ bankruptcy case.
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