McCourt agrees to sell #Dodgers. Team to be auctioned in bankruptcy court.
UPDATE: Frank McCourt agrees to sell Dodgers (Bill Shaikin, Dodgers Blog)
NOT ENTIRELY UNRELATED: Mark Cuban offered to buy Dodgers, but price was too high (Shaikin, LA Times)
OFFICIAL STATEMENT: From "Frank McCourt to sell Dodgers" by Tony Jackson at ESPNLA.com:
The Dodgers and Major League Baseball issued a joint news release in the wake of the agreement. It read as follows:
"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."