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Frank McCourt

I'm Selling the Dodgers!

11/2/2011 5:00 AM PDT BY TMZ STAFF

1102_dodgers

The hits just keep on coming for Dodgers owner Frank McCourt -- who just announced he's selling the team!

"The Los Angeles Dodgers and Major League Baseball announced that they have agreed today to a court-supervised process to sell the team and its attendant media rights in a manner designed to realize maximum value for the Dodgers and their owner, Frank McCourt," read a joint statement from Frank and the MLB.

The Blackstone Group LP will manage the sale process.

There are rumors that Frank will fetch as much as $1 billion for the team -- but so far, that number is still unconfirmed.

The news of the sale comes a few months after the team filed for bankruptcy -- and one month after Frank's $130 million divorce settlement with ex-wife Jamie.

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9 COMMENTS

No Avatar

1.

anon.    

It's about time!

997 days ago
2.

James25    

$1 Billion for the Dodgers is a great deal considering they were just offered a $3 Billion deal from Fox for a broadcasting deal. Anyways, does Frank get to keep all the money from the sale or does he have to give some of the money to his ex-wife?

997 days ago
3.

Lupe    

http://twitter.com/ModelBubbles

997 days ago
4.

BarrysConspiracyWorld    

No more owners box for Larry.

997 days ago
5.

Jackie    

Terrible club anyway.

997 days ago
6.

Moriarty    

What about the Stow family's lawsuit?

997 days ago
7.

Throwback kid    

Well selling the team is a start, the new owner should bring in a new front office. He should fire the entire scouting staff, the Dodbers scouts are a joke, they can't find any talent. And they should get rid of the high priced players who don't produce. It's time to get the Dodgers back where they belong

997 days ago
8.

Fallopia Lopez    

Sometimes things actually go right! Hopefully Eli Broad is getting out his wallet. Someone who cares about LA as much as Eli would make a good owner - McCourt never gave a crap about this city OR the franchise.

997 days ago
9.

holiday    

There are rumors that Frank will fetch as much as $1 billion for the team -- but so far, that number is still unconfirmed.

Wanna make $85/hour easy on the computer!! My brother has been without a job for 7 months from Iraq but last month his check was $7330 just working on the computer for a few hours. I started 5 days ago and am doing great! Read about it here: lazycash5. c@m (repl-ace @ with lettter 'o')

997 days ago

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