Apparently, Major League Baseball has no sense of humour
It's sad to see a storied franchise like the LA Dodgers go down in flames like this. The Alston family must be cringing. Walter O'Malley must be spinning in his grave. But Bud Selig ought to be ashamed of himself.
Many franchises are in hot water, from the New York Mets (which have not filed yet) to the Chicago Cubs to the Texas Rangers (both of which have).
Prior to this round of bankruptcies, the last team to file for bankruptcy was the 1970 filing by the Seattle Pilots who were established in 1969, thus creating the shortest lived Major League Baseball franchise ever (they were moved to Milwaukee, where today they still exist as the Brewers).