Frank McCourt to Sell Dodgers

Filed under: Frank McCourt, Jamie McCourt, TMZ Sports, MLB, Los Angeles 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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