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Frank McCourt agrees to sell Dodgers

On Nov. 1, <a href="http://www.latimes.com/sports/la-sp-1102-dodgers-sale-20111102,0,4790881.story"><a class="taxInlineTagLink" id="hpc713" title="Frank McCourt" href="/topic/arts-culture/literature/frank-mccourt-hpc713.topic">Frank McCourt</a> agreed to sell the <a class="taxInlineTagLink" id="ORSPT000015" title="Los Angeles Dodgers" href="/topic/sports/baseball/los-angeles-dodgers-ORSPT000015.topic">Dodgers</a></a>, surrendering the team he fought to retain for two years and in two courts.<br>
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McCourt and <a class="taxInlineTagLink" id="T15007055" title="Major League Baseball" href="/topic/sports/baseball/major-league-baseball-T15007055.topic">Major League Baseball</a> agreed to seek approval from the U.S. Bankruptcy Court for an auction of the Dodgers. The sale is expected to include the team, Dodger Stadium and the surrounding parking lots, a package bought by McCourt for $421 million in 2004 and likely to sell now for two to three times as much.

( Mark Boster / Los Angeles Times )

On Nov. 1, Frank McCourt agreed to sell the Dodgers, surrendering the team he fought to retain for two years and in two courts.

McCourt and Major League Baseball agreed to seek approval from the U.S. Bankruptcy Court for an auction of the Dodgers. The sale is expected to include the team, Dodger Stadium and the surrounding parking lots, a package bought by McCourt for $421 million in 2004 and likely to sell now for two to three times as much.

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