Owner, MLB agree to auction
(NEWSER) - Frank McCourt will auction off the Dodgers, marking an end to a particularly turbulent season that included a high-profile beating , a lawsuit related to the beating, a near-takeover by Major League Baseball, and a bankruptcy filing —not to mention a disappointing record and less-than-stellar ticket sales. McCourt and the MLB agreed to a sale, which will be supervised by US Bankruptcy Court, they said in a joint statement last night. McCourt bought the team, the stadium, and parking lots for $421 million in 2004; it is expected to go for two to three times that amount. More»