Frank McCourt agreed to sell the Los Angeles Dodgers today, ending a court battle resulting from the divorce of McCourt and his wife Jamie.
The ownership crisis started when Jamie McCourt claimed half-ownership of the franchise in divorce court, the Los Angeles Times reported.
Furthermore, MLB has Frank McCourt of taking $189 million from the team for his personal use. The LA Times reported that McCourt has been considering for several weeks whether or not to sell. The team will be put up for auction and gets its third owners since 1998. This would follow 40 years of the same ownership from 1958, the year the team was moved to the West Coast from Brooklyn, the LA Times reporter.
As for who will end up with the franchise, the LA Times reported that some names familiar to sports fans could end up bidding for the controls, including Mark Cuban owner of the NBA champion Dallas Mavericks, and former Dodger players Orel Hershiser and Steve Garvey.