Baseball approves Dodgers sale - East Valley Tribune: News

default avatar
Welcome to the site! Login or Signup below.
Logout|My Dashboard

Baseball approves Dodgers sale

Font Size:
Default font size
Larger font size

Posted: Thursday, January 29, 2004 4:35 pm

LOS ANGELES - The $430 million sale of the Los Angeles Dodgers from News Corp. to Boston real estate developer Frank McCourt was unanimously approved today by baseball owners.

"Welcome to a new era of Dodger baseball," McCourt said during a news conference at Dodger Stadium. "I intend to restore the glory days of Dodger baseball with a team worthy of support from our fans."

The price is the second-highest for a baseball team, trailing only the $660 million paid for the Boston Red Sox two years ago. The highly leveraged purchase, likely to be finalized within a week, probably will set off the third change in management in six years for the marquee franchise, which hasn't advanced to the playoffs since 1996.

"The Dodgers are one of our great franchises," commissioner Bud Selig said in a telephone interview. "We need stability there. We need a lot of energy. Having an unresolved ownership situation was, frankly, hurting the franchise."

News Corp. bought the team in March 1998 from the O'Malley family for $311 million. The corporation quickly tired of running the club, and former movie executive Robert Daly took over as chief executive officer in October 1999 after purchasing a minority stake.

Daly has said he will depart when the sale closes. The futures of team president Bob Graziano, general manager Dan Evans and manager Jim Tracy are uncertain as the Dodgers prepare to report to spring training on Feb. 18.

  • Discuss

ACLU: Police in Arizona Violating Civil Rights During Immigration Checks

Elizabeth Stuart A A Tucson police enforcing the controversial "show me your papers" section of Arizona's SB 1070 are routinely prolonging tra…

Published: May 5, 2016 - 9:45 am @…

Why are these WNBA stars in Russia? It's not just about the money

This story appears in the WNBA20-themed issue of ESPN The Magazine, on sale May 13. You absolutely must taste the pizza in the food court!" is…

Published: May 5, 2016 - 8:52 am @…

Rail Traffic Depression: 292 Union Pacific Engines Are Sitting In The Arizona Desert Doing Nothing

We continue to get more evidence that the U.S. economy has entered a major downturn.  Just last week, I wrote about how U.S. GDP growth number…

Published: May 5, 2016 - 8:45 am @…

11 Free Comic Book Day 2016 Titles You Need to Read

Joseph Schmidt A A Dry-clean your Leia cosplay and slather on those Team Arrow temporary tattoos: Free Comic Book Day rapidly approaches. Diam…

Published: May 5, 2016 - 8:14 am @…

Facebook on Facebook

Twitter on Twitter

Google+ on Google+


Subscribe to via RSS

RSS Feeds