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Monitor Appointed to Oversee L.A. Dodgers

4/25/2011 4:45 PM PDT BY TMZ STAFF
The former president of the Texas Rangers has been tapped as the monitor for the L.A. Dodgers ...  setting up a possible showdown with Dodgers owner Frank McCourt.


J. Thomas Schieffer was a big investor in the Rangers back in 1989 when George W. Bush bought the team.

Schieffer -- the younger bro of CBS newsman Bob Schieffer -- was the club prez between 1991 and 1999. 

Interesting ... after Kevin Brown signed with the L.A. Dodgers in 1998 for an astronomical $100 million, Schieffer was critical, saying he couldn't imagine the Rangers paying that amount -- "If we do, we're all in trouble."

Per MLB Commissioner Bud Selig's edict, any expenditure of $5 grand or more must be approved by Schieffer.

So now it's all about whether Schieffer and McCourt are in accord.  If not, we're guessin' a legal challenge is in the wings.

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