Nov 2, 2011, 5:38 AM EDT
UPDATE: Major League Baseball and the Dodgers have released a joint statement confirming the earlier Los Angeles Times report:
“The Los Angeles Dodgers and Major League Baseball announced that they have agreed today to a court supervised process to sell the team and its attendant media rights in a manner designed to realize maximum value for the Dodgers and their owner, Frank McCourt. The Blackstone Group LP will manage the sale process.”
12:48 AM: Rejoice, Dodgers fans.
According to Bill Shaikin of the Los Angeles Times, Frank McCourt has agreed to sell the Dodgers. The team will be auctioned off in bankruptcy court.
No firm details yet, but Shaikin reported late last night that McCourt was nearing an agreement with MLB on a bankruptcy settlement to sell the team. The deal is expected to include Dodger Stadium and the surrounding parking lots. It’s estimated that a sale would command a record asking price of $1 billion or more.
We’ll undoubtedly have a lot more on this situation in the morning, so stay tuned.
- Bryce Harper pulled from Saturday’s game for not hustling 71
- Report: MLB likely to adjust rules for plays at home and transfer catches 18
- Settling the Score: Friday’s results 17
- Giancarlo Stanton sends the Marlins to victory with a walk-off grand slam 22
- Jason Bartlett will retire after 10 years in the big leagues 11
- Hank Aaron is getting vile racist hate mail in retaliation for pointing out that racism still exists (248)
- “They Don’t Know Henry” (167)
- Doug Glanville’s story about being racially profiled at his own home (125)
- There is still a racial divide in baseball (112)
- And That Happened: Tuesday’s scores and highlights (96)