The latest MLB team to take a handout is the Los Angeles Dodgers. Because of a messy divorce between the team owners, the Boston MCCourts, MLB has stepped in and taken over day-to-day operations of the team.
Not unlike last year, when the Texas Rangers were also rescued and cash was infused into the organization, which ironically enabled them to make some good mid-season acquisitions and landed them in the World Series.
And then there's the Mets, who are in the middle of a $1billion dollar lawsuit filed by the trustee for some Madoff victims. The Mets are looking for their second $25million infusion in less than one year.
The amazing thing is that these MLB team owners that are asking for and taking this money are very rich men. Which leads me to label these bailouts as "Welfare for the Rich."
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