Earlier today we learned that Major League Baseball has taken over financial operations of the Dodgers' and will oversee all day-to-day operations. Owner Frank McCourt intends to fight for control of the team, but that may be an unwinnable war. While this is certainly a drastic step on MLB's part, it's hardly unprecedented.
MLB oversaw the Rangers' finances last season, at least before the Chuck Greenburg-Nolan Ryan ownership group took over. Although the team wasn't exactly given a blank check, they did have the financial flexibility to go out and add players like Jorge Cantu, Cristian Guzman, and Cliff Lee at the trade deadline. The Expos were under MLB's control a few years before that, but they were under tighter payroll restrictions.
Whether or not the Dodgers have the relative freedom of the 2010 Rangers or the limitations of the 2002-2005 Expos remains to be seen. McCourt's team has scored the second fewest runs in baseball, so they could clearly stand to add a bat or two at midseason. The question is, will they be able to?