Secret Major League Baseball documents concerning the $2 billion sale of the Los Angeles Dodgers can’t be used by former team owner Frank McCourt’s ex- wife to challenge their divorce settlement, a judge ruled.
Seaport Capital LLC, which includes a majority stake in Mandalay Baseball Properties, is selling its share of the holding company that owns five minor-league baseball teams, including half of the New York Yankees’ Triple-A affiliate.
Clayton Kershaw’s historic opening day start for the Los Angeles Dodgers demonstrated why the 25- year-old left-hander, who elicits comparisons to Hall of Famer Sandy Koufax, might become the first $200 million pitcher in Major League Baseball history.
The Los Angeles Dodgers reached the final stage of an auction for the baseball team one day early after phone calls in which no rival topped the record $2.3 billion offer from a group led by Magic Johnson, people familiar with the sale said.
Basketball Hall of Fame member Magic Johnson and a group of investors that includes Guggenheim Partners Chief Executive Officer Mark Walter won the auction for the bankrupt Los Angeles Dodgers with a bid of more than $2 billion, doubling the previous record amount paid for a major U.S. professional sports franchise.
Magic Johnson’s winning $2.3 billion offer for the Los Angeles Dodgers probably was fueled by what one sports economist called a “wild bidding process” that will unfold between Time Warner Cable Inc. and News Corp.’s Fox Sports for the Major League Baseball team’s broadcast rights.