Dodger Dilemma

The more I think about it the more I wonder what right does Ommissioner Bud Selig have in taking away operational control of the Dodgers from Frank McCourt?
It is easily apparent that McCourt is a buffoon and a lousy owner. So what? There are a lot of lousy owners, not only in sports, but in all businesses. Take radio for instance!
Is it a crime to be a bad owner of a baseball team?
While the Dodgers are an historic and tradition-laden franchise, if the owner is running them into the ground, isn't that his problem? Why doesn't Selig rip the Pirates from the greedy paws of their owner Robert Nutting? How come he doesn't go after Mets owner Fred Wilpon?
In sports you will have franchises that are run well and franchises that are run as if a 12-year old were calling the shots.
The Dodgers situation with Frank McCourt and his yappy wife Jaime is embarrassing, salacious, depressing and yes, somewhat comical. Still, what laws has Frank McCourt broken? How is he any worse than some of the other owners out there.
I think McCourt is getting a raw deal. Imagine that. I'm sticking up for Frank McCourt.
Maybe it's Bud Selig who has to go. I'd be in favor of that.