Former American diplomat Tom Schieffer was appointed by MLB commissioner Bud Selig to take over the Dodgers' finances and day-to-day business operations, SI.com has confirmed.

The move was first reported by the Los Angeles Times.

Schieffer, the brother of veteran TV journalist Bob Schieffer, was the president of the Texas Rangers from 1991-1995 under then-owner George W. Bush. When Bush became President of the United States, Schieffer was a U.S. ambassador to first Australia and later Japan.

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