Sports

McCourt 'appears close' to agreeing to sell the Dodgers

dodgers-gate.jpgThe LAT's Bill Shaikin reports tonight that a resolution to the Dodgers drama could be near. Owner Frank McCourt, the paper says, "appears close to agreement with Major League Baseball on a bankruptcy settlement in which he would agree to sell the team." But in the details it all sounds iffier. From the Times' website:

McCourt would get some control over the sale, people familiar with the negotiations said Monday. The purchase probably would include Dodger Stadium and the surrounding parking lots in a package that could command a record price of $1 billion or more.

The negotiations are fluid, and settlement talks could fall apart at any time, said the people, speaking on condition of anonymity because of the confidential discussions. McCourt has not reached any final decision to sell, another person cautioned....

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Analysts suggested McCourt now might be willing to sell for a simple reason: Even if he won in court, he could lose.

Based on figures McCourt submitted to the Bankruptcy Court, he would be hard-pressed to sell the Dodgers' television rights, settle his divorce and be left with enough capital to renovate Dodger Stadium and restore the team to prominence.

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