November 7, 2011

Frank McCourt Agrees to Sell Dodgers

Earlier this week, Frank McCourt, the much-maligned owner of the Los Angeles Dodgers, issued a joint statement with Major League Baseball that the Dodgers would be available to the highest bidder through an auction in bankruptcy court.

“The Los Angeles Dodgers and Major League Baseball 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.”

There are no shortages of bidders for one of the MLB’s most storied franchise, either. The Dallas Mavericks eccentric owner Mark Cuban…

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