The Long Beach Press-Telegram's Bob Keisser thinks it might have. He writes:
If you wanted to buy the Dodgers today, how would you possibly squeeze another nickel out of the franchise? New TV money? Nope. The current deal runs through the 2013 season. Sell naming rights? That industry is in the pooper. Develop the adjacent land? That requires development capital and political blessing, neither of which is in great supply.
Demand a new stadium with taxpayer money? Find a new city willing to pay beaucoup bucks?
Let's not go there.
The answer, of course, isn't quite that simple. The problem with the Dodgers isn't their worth as an asset, it's how much of the asset's worth is tied up in debt. Keisser's article is full of fresh takes on the McCourts, the Dodgers, and Bud Selig, including an assertion that Selig has taken advantage of the small market clubs in his battle against the union. I recommend you check it out.