Embattled Dodgers owner Frank McCourt agreed to sell the team this week. He will work with Major League Baseball to seek approval from the U.S. Bankruptcy Court to auction the team.
McCourt and his wife Jaime, who were never fully embraced by the community, further tarnished their image when they announced their separation in 2009, beginning an on-going saga of court battles over who was the rightful owner of the team, leaving the franchise strapped for cash. It has been reported, during their tenure in L.A., the McCourts may have diverted as much as $189 million from the team for their personal use.
McCourt bought the Dodgers in 2004 for $421 million. It is now expected to sell for upward of $1 billion. Possible rumored suitors currently include Dallas Mavericks owner Mark Cuban, a group put together by former Dodgers Orel Hershiser and Steve Garvey, and former Dodgers owner Peter O’Malley, who sold the franchise to FOX News Corp. in 1998. Who do you think should be the next owner of the Dodgers?