In a stunning financial transaction, an investment group led by Earvin Johnson and Stan Kasten, funded by Guggenheim Partners, have agreed to buy the Los Angeles Dodgers and Dodger Stadium for $2 billion. The deal was finalized just hours after Major League Baseball owners approved three potential buyers of the team and the storied ballpark. […]
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Dodgers sale enters final stretch
Major League Baseball owners approved three groups bidding for the Los Angeles Dodgers and Dodger Stadium, with owner Frank McCourt hoping for a billion-plus sale price. It’s been a couple of busy months for McCourt’s legal team, as he works to sell the Dodger assets before the end of the month. During the process several […]
The unimaginable emerges: The sale of naming rights to Dodger Stadium
It’s akin to a heresy: one of the bidders for the Los Angeles Dodgers asked about the potential of selling naming rights to Dodger Stadium after the team and ballpark are sold by Frank McCourt. Dodger Stadium is one of the great historic venues of baseball, opening in 1962. To say the name isn’t totally […]
Don’t look now, but World Baseball Classic is around the corner
It’s still a year out, but planning is well underway for the 2013 World Baseball Classic — and already there’s grumbling about the process in countries like Canada and Japan. The World Baseball Classic, held every four years during spring training, was designed by Major League Baseball as a showcase and an alternative to the […]
Seven groups still in running for Dodgers
Seven groups remain in the running to land the Los Angeles Dodgers and Dodger Stadium, as two groups were eliminated from the proceedings. The Los Angeles Times has a summary of the groups remaining: Of the nine parties still in contention last week, the two eliminated Monday were Michael Heisley, owner of the NBA’s Memphis […]
Dodgers sale complicated by McCourt’s decision to keep land surrounding ballpark
The decision by Frank McCourt to hang onto the parking lots and land surrounding Dodger Stadium is already complicating the sale of the team and caused one high-profile group to withdraw from the bidding process. Developer Rick Caruso and former Dodgers manager Joe Torre decided to pass on bidding for the Los Angeles Dodgers and […]
Torre quits MLB post to pursue Dodgers
You can add Joe Torre’s name to a list of Los Angeles Dodgers suitors, as he joins Rick Caruso in one of the 16 groups seeking to buy the troubled franchise and Dodger Stadium. Formerly manager of the Dodgers. Torre had been MLB’s Executive Vice President for Baseball Operations since last February, overseeing things like […]
O’Malley: I want to bring the Dodgers home
Peter O’Malley has informed MLB Commissioner Bud Selig about his intent to form an investment group to bid on the Los Angeles Dodgers, Dodger Stadium, and related entities. Late last night Frank McCourt and MLB reached an agreement for the team and its related companies to be sold at auction, with a sale overseen by […]
McCourt throws in towel, will sell Dodgers
Frank McCourt will participate in a court-supervised sale of the Los Angeles Dodgers, Dodger Stadium and associated businesses, ending a standoff with Major League Baseball over the future of the franchise. The announcement was made last night and follows months of legal wrangling over McCourt’s attempts to sell future media rights in an effort to […]
McCourt looted $189 million from Dodgers: MLB
Frank McCourt has raided Los Angeles Dodgers and Dodger Stadium financial coffers improperly to the tune of $189.16 million, according to MLB attorneys, in anticipation of bankruptcy-court proceedings next week. The battle lines are emerging in the Delaware bankruptcy proceedings: MLB attorneys say McCourt isn’t fit to run and own the team; Fox opposes McCourt’s […]
Dodgers lower season-ducat costs for 2012
The Los Angeles Dodgers, operating under a cloud as owner Frank McCourt and MLB fight it out in court, go on the offensive by lowering season-ticket pricing for 2012. That 2011 was a very miserable year for one of baseball’s flagship franchises is an understatement: announced attendance was down some 18 percent, to 36,236 per […]
Jamie to Frank: The Dodgers are yours
Perhaps sensing this is the best way to get some cash out of her divorce to Frank McCourt, Jamie McCourt has agreed to let him keep the Los Angeles Dodgers and Dodger Stadium as part of a settlement and will support his effort to sell the team’s media rights. The McCourts have been embroiled in […]
Beating victim Stow released from hospital
Nice timing: Bryan Stow, the victim of a horrible beating at Dodger Stadium on Opening Day, reached a major milestone yesterday when he was released from San Francisco General Hospital to a rehab facility. He still has a long route to recovery: he only began speaking recently, he’s not able to walk and he is […]