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Frank McCourt Agrees to Sell Dodgers
In this June 17, 2011 file photo, Los Angeles Dodgers owner Frank McCourt speaks to the media outside court in Los Angeles. (AP Photo/Nick Ut, File)
According to Bill Shaikin of the Los Angeles Times, embattled Dodgers' owner Frank McCourt has agreed to sell the Dodgers in an auction in bankruptcy court. Yahoo! Sports Tim Brown also reports the same.
According to Shaikin, the sale will include the team, Dodger Stadium and the land surrounding the Stadium. In essence, everything that McCourt spent $421 million for in 2004.
While it may seem the nightmare is over for Dodger fans, remember that the same thing was uttered when News Corp (aka Fox) sold the team in 2004. Almost eight years later here we are.
One year ago, Congress voted to defund public media, eliminating a critical $1.7 million from our budget every year going forward. But they couldn’t silence us, and we’re not going anywhere. LAist is now 100% community funded and that means we’re taking our future into our own hands and turning to you to keep local reporting strong.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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