The Los Angeles Dodgers reached a new low on Wednesday when Major League Baseball took control of the storied franchise.

Commission Bud Selig announced he would appoint a trustee to run the day-to-day operations of the ballclub.

The on the field product has suffered as the result of a pending divorce between co-owner Frank McCourt and his wife, Jamie.

McCourt purchased the club from News Corp in 2004 and has been a financial liability ever since. Just last week, McCourt took a $30 million loan from Fox to meet the team’s payroll obligations, which was the final straw for Selig and MLB.

"Pursuant to my authority as Commissioner, I informed Los Angeles Dodgers owner Frank McCourt today that I will appoint a representative to oversee all aspects of the business and the day-to-day operations of the Club," Selig said in a statement. "The Dodgers have been one of the most prestigious franchises in all of sports, and we owe it to their legion of loyal fans to ensure that this club is being operated properly now and will be guided appropriately in the future."

As a counter to Selig’s decision, McCourt was preparing to file a lawsuit against MLB in order to regain control of the Dodgers.

While Selig deserves credit for stepping in, the warning signs were there from the day McCourt purchased the team. The Boston executive didn’t have $430 million in cash on hand to purchase the club, which resulted in higher ticket prices and a decreased payroll. What was once one of the best organizations in baseball turned to small market tactics in order to field a team.

Dodger fans deserve better. Bring on Mark Cuban as the new owner.

(Photo: Kevork Djansezian/Getty Images)