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It's A Celebration! McCourt Is Gone!
SALE OF LOS ANGELES DODGERS SUCCESSFULLY COMPLETED
Finally McCourt is gone! The Dodgers can go back to just being a regular team without any ownership problems that the players, coaches, and fans had to deal with the past two seasons.
The fans who were protesting can now return to Dodger stadium. It should be a great 2012 season now that the Dodgers will have some money to help improve the team.
From the Dodgers:
LOS ANGELES, May 1, 2012 - The Los Angeles Dodgers, Guggenheim Baseball Management LLC (“GBM”) and Frank McCourt today announced the completion of the sale of the Dodgers to GBM for $2 billion. As previously reported, the Dodgers’ new ownership includes Mark Walter as control person, Earvin “Magic” Johnson, and Stan Kasten as CEO of the organization.
The Los Angeles Dodgers stated, “The Dodgers emerge from the Chapter 11 reorganization process having achieved its objective of maximizing the value of the Dodgers through a successful Plan of Reorganization, under which all claims will be paid. The Dodgers move forward with confidence - in a strong financial position; as a premier Major League Baseball franchise; and as an integral part of and representative of the Los Angeles community.”
There will be a press conference introducing the new owners tomorrow at 10am. You can watch it live on KCAL or Fox Sports.
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