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Frank McCourt to Sell Dodgers


NelsonG

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[img]http://ll-media.tmz.com/2011/11/02/1102-dodgers.jpg[/img]

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

"The Los Angeles Dodgers and [b]Major League Baseball[/b] 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.

[url="http://photos.tmz.com/galleries/lindsays_courtroom_fashion#tab=most_recent"][img]http://ll-media.tmz.com/2011/09/27/0927-dodger-fans-footer.jpg[/img][/url]

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[url=http://www.tmz.com/2011/11/02/frank-mccourt-selling-dodgers-team-bankruptcy-divorce/]View the full article[/url]

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