NEW YORK — Major League Baseball is taking over the Los Angeles Dodgers, a team financially paralyzed by the divorce of its owners.

Baseball Commissioner Bud Selig said in a release Wednesday that he will appoint a representative to oversee the “business and the day-to-day operations of the Club.”

Selig said he took action “because of my deep concerns regarding the finances and operations of the Dodgers.”

His decision followed a report by the Los Angeles Times that owner Frank McCourt had arranged a $30 million loan from the Fox, the team’s television partner.

Selig said he will announce the new team head in the next several days.