Dodgers sale unlikely to be voted on next week
Nov. 11, 2003
LOS ANGELES -- The proposed sale of the Los Angeles Dodgers to real estate developer Frank McCourt probably won't be put on the agenda for next week's owners' meeting, a high-ranking baseball official said Tuesday.
The official, who spoke on the condition he not be identified, said that while there was an outside chance McCourt could complete paperwork in time for the Nov. 20 meeting in Chicago, it was unlikely.
Owners probably won't meet again until mid-January, but the official said if the deal is ready for a vote before that time, commissioner Bud Selig could call for an earlier meeting or a vote by telephone conference call.
The Los Angeles Times, quoting an unidentified baseball official, also reported Tuesday that the sale wouldn't be put to a vote at next week's meeting.
McCourt announced Oct. 10 that he had agreed in principal to purchase the Dodgers from News Corp., a deal worth $430 million. The contract contains a Dec. 31 deadline for completion of the financial documents and a Jan. 31 date for closing the transaction.
So, reading between the lines, LA out of the free agent biddin' business, at least for the short term. My guess is the deal goes through befor Dec 20th though.
This puts LA at a huge disadvanatge. 3 smileys