A huge sigh of relief in the Southland today. Frank McCourt, the embattled owner of the Dodgers, has agreed to sell the team. Bill Shaikin over at the Los Angeles Times broke the story on Monday evening that a plan was in the works between McCourt and Major League Baseball.
An agreement was reached late yesterday. The team will be auctioned off with the approval of U.S. Bankruptcy Court. The sell-off will include Dodger Stadium and the surrounding parking lots. McCourt reportedly bought this package deal for $421 million in 2004. It’s expected to sell this time for “… two to three times as much.” More on the deal and possible bidders for the team on the L.A. Times website here.
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Friday, April 26, 2024