The two-year battle between Dodgers owner Frank McCourt and Major League Baseball appears to be coming to a close, the Los Angeles Times reports. Citing "people familiar with the negotiations" McCourt is close an agreement with MLB to sell the Dodgers, Dodger Stadium and the surrounding parking lots.
The deal could be worth $1 billion or more, a record price for a baseball team.
However, one source told the Times that McCourt has yet to reach his final decision whether to sell or not, so the deal could still fall through.
McCourt is close to a settlement in his bankruptcy case, but may be forced to sell because even if he wins his bankruptcy case in court, he would have a difficult time selling the Dodgers' TV rights, settle his divorce and still have enough capital to make the improvements needed to the team and the stadium. He has already agreed to pay his ex-wife $130 million in a divorce settlement.
More McCourt coverage from Eye on Baseball.