Embattled Los Angeles Dodgers owner Frank McCourt and Major League Baseball reached an agreement lat

HEADLINE McCourt MLB agree to process to sell Dodgers
CAPTION Embattled Los Angeles Dodgers owner Frank McCourt and Major League Baseball reached an agreement late Tuesday to sell one of the sports most storied franchises Nov 2

[Location - DateLOS ANGELES - NOV 2 2011]
THE OWNER OF THE LOS ANGELES DODGERS AND MAJOR LEAGUE BASEBALL HAVE REACH AN AGREEMENT TO SELL THE TEAM
THAT ENDS A SEVEN-YEAR TERM THAT SAW THE TEAM RETURN TO THE PLAYOFFS --
BUT BECOME MIRED IN LEGAL TROUBLES CAPPED BY ITS FILING FOR BANKRUPTCY PROTECTION IN JUNE
THE COURT-SUPERVISED PROCESS WILL INCLUDE THE SALE OF THE TEAM AND ITS MEDIA RIGHTS
AND COULD ALSO INCLUDE THE SALE OF DODGER STADIUM AND THE SURROUNDING PARKING LOTS
THE DODGERS AND MAJOR LEAGUE BASEBALL HAD BEEN SCHEDULED FOR A SHOWDOWN IN U-S BANKRUPTCY COURT AT THE END OF THE MONTH
MAJOR LEAGUE BASEBALL TOOK CONTROL OF DAY-TO-DAY OPERATIONS OF THE TEAM IN APRIL --
OVER CONCERNS ABOUT THE TEAMS FINANCES
THE FRANCHISES DEMISE GREW OUT OF OWNER FRANK MCCOURTS PROTRACTED DIVORCE WITH JAMIE MCCOURT --
AND THE COUPLES DISPUTE OVER THE OWNERSHIP OF THE TEAM
THE DIVORCE HIGHLIGHTED SPENDING ON MANSIONS AND BEACH HOMES --
AND USING THE TEAM LIKE IT WAS THEIR PERSONAL CREDIT CARD
THEY TOOK OUT MORE THAN 100 MILLION DOLLARS IN LOANS FROM DODGERS-RELATED BUSINESSES FOR THEIR OWN USE ACCORDING TO DIVORCE DOCUMENTS
LAST MONTH JAMIE MCCOURT CUT A DEAL WITH HER EX-HUSBAND TO SETTLE THEIR DISPUTE OVER OWNERSHIP OF THE TEAM
ASSOCIATED PRESS


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