Monday, March 26, 2012

End appears near to Dodgers' ownership saga

Three finalists are set to come up for a vote, and then Frank McCourt and his advisers will hold modified auction. The goal is to pick a winner this week and close the transaction by April 30.

When Frank McCourt took the Dodgers into bankruptcy last year, Plan A was to retain ownership of the team. Yet Plan B was just as important. If McCourt had to sell the Dodgers, the U.S. Bankruptcy Court would oversee the sale, not Major League Baseball.


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