First and foremost
Frank McCourt agreed Tuesday to sell the Dodgers, abruptly surrendering the team after fighting to retain it over two years and in two courts.
McCourt and Major League Baseball have agreed to seek approval from the U.S. Bankruptcy Court for an auction of the Dodgers. The sale is expected to include the team, Dodger Stadium and the surrounding parking lots, a package bought by McCourt for $421 million in 2004 and likely to sell for two to three times as much now.
The league hopes a new Dodgers owner can be in place by opening day.
The new owner would be the third since Peter O'Malley sold the team to News Corp. in 1998. The Dodgers had remained in the O'Malley family since its patriarch, Walter, moved the team from Brooklyn to Los Angeles in 1958.
Photos: The Dodgers and the McCourts
The sale agreement caps what might be the most tumultuous season in club history, which started with a fan nearly beaten to death in the Dodger Stadium parking lot and ended with the league charging McCourt with "looting" $189 million in team revenue for personal use. The Dodgers called that allegation "inflammatory" and unsupportable.
In the interim, the Dodgers played before a half-empty stadium, with McCourt claiming the league had spooked fans by raising unwarranted concerns about stadium security and the league claiming fans had refused to support McCourt's ownership.
McCourt took the team into bankruptcy in June. McCourt and Commissioner Bud Selig had been scheduled to testify at a trial this week, but the court postponed the proceedings to allow settlement talks to proceed.
But he was interested earlier in the year apparently...
Mark Cuban, owner of the NBA champion Dallas Mavericks, offered to buy the Los Angeles Dodgers several months ago but pulled out of negotiations because the price was too high.
Embattled Dodgers owner Frank McCourt told Cuban the price would be in the range of $1 billion to $1.2 billion, the Los Angeles Times reported.
"At that price, I wasn't interested," Cuban said Tuesday, adding he would still be interested in buying the team if he could get a better deal.
"At the right price, I'm interested," he said. "Not if the price is over $1 billion."
Its a long shot though since Comissioner Selig and the other MLB owners dont like Cuban.
Edited by MDI, December 01, 2011 - 09:15 PM.