Wednesday, March 28, 2012
Los Angeles Dodgers baseball team sold for $2 BILLION!!
The deal is one of several steps toward a sale of the Los Angeles Dodgers team by the end of April. It is subject to approval in federal bankruptcy court. It remains to be seen whether Major League Baseball will challenge the deal in U.S. Bankruptcy Court in Delaware, where the case is before Judge Kevin Gross.
The price would shatter the mark for a sports franchise.
Stephen Ross paid $1.1 billion for the NFL's Miami Dolphins in 2009, and in England, Malcolm Glazer and his family took over the Manchester United soccer club in 2005 in a deal then valued at $1.47 billion.
The current record for a baseball franchise is the $845 million paid by the Ricketts family for the Chicago Cubs in 2009.