Former Dodgers owner Frank McCourt agreed to sell the baseball team following the public divorce proceedings that led him to view a sale as a better alternative to a Bankruptcy Court trial, the Los Angeles Times reported.
“The Los Angeles Dodgers and Major League Baseball 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,” a joint statement from the MLB and McCourt said.
According to the Times, McCourt’s ex-wife, Jaime, claimed half-ownership of the Dodgers. She fought a legal battle with the owner following their divorce, and is set to receive more than $130 million as part of the settlement, which is up for court approval on November 14.
The Associated Press reported that McCourt had to settle with his wife in order to focus his efforts on retaining control of his team. Jamie had initially lined up on the side of the court when it rejected his bid to auction the television rights to the Dodgers.