Opinion of Kingman's Performance

Tuesday, November 1, 2011

Frank McCourt Agrees to Sell Dodgers

L.A. Times Reporter Bill Shaikin broke the story again

In another story broke by Bill Shaikin of the Los Angeles Times just a few minutes ago, it is reported that Frank McCourt has agreed to sell the Dodgers.  McCourt, who has refused to concede to logic for the past couple of years has finally agreed that there is no other option and he must sell before he is completely insolvent financially.  November will be an interesting month.  Shaikin reports that more details will be disclosed tomorrow.  

The unsung hero in all of this is reporter Bill Shaikin.  He has been relentless in his pursuit of the truth regarding the McCourt ownership and has repeatedly broken story after story about the Dodger ownership troubles.  I'm sure Bill will be up all night preparing us a detailed report on the proceedings between McCourt and MLB.

Shaikin also provides a detailed report on Mark Cuban and his admission that he has attempted to reach out and purchase the Dodgers.  Cuban reports that the asking price of $1 billion is too high but that he would be interested in the Dodgers if the team can be acquired "at the right price."

Link to Cuban Story

A  joint statement has been released by the Dodgers and MLB.  This is confirmation that the team will be sold.  It reads:
"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."

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