Report: Frank McCourt Considers Selling The Dodgers

LOS ANGELES (CBS) — After months of saying, and adamantly, that he was not going to sell the Dodgers, a report in the LA Times suggests Frank McCourt is exploring the option.

With a one-month postponement in bankruptcy hearings, sources told the Times McCourt and Major League Baseball discussed a possible settlement that would include McCourt selling the team.

The Times quoted anonymous sources who said they were not authorized to comment on the confidential talks.

A four-day trial was scheduled to start Monday.

US Bankruptcy judge Kevin Gross announced the postponement Wednesday without citing a reason.

Those close to the talks say the month was broached to give McCourt a chance to seek a buyer.

The Times reported MLB Commissioner Bud Selig was okay with McCourt initially selling a minority interest in the team but now favors McCourt selling the team outright.

A MLB report accused McCourt of “looting” the team of $190 million for his own personal use, a charge McCourt vehemently denied.

Further, using team revenue for personal use is just one of ten rules the commissioner charged McCourt with violating. One violation is grounds for a franchise to be terminated.

McCourt has said he would never part with the Dodgers, but broached the idea at one point of selling off parking rights or concessions.

A court filing by McCourt’s legal team set the value of the Dodgers at “in excess of $1 billion.”


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