By Evan Brunell The bankruptcy trial that could determine whether or not Frank McCourt continues as owner of the Dodgers was postponed for a month on Wednesday, opening the door to the possibility McCourt might agree to sell the team.
The Los Angeles Times reports says the reason why the trial, slated to start on Monday, Oct. 31, was delayed to Nov. 29 is because McCourt and MLB are discussing a possible settlement in which McCourt would agree to sell the team. It is not clear what McCourt will demand in return for a sale, but if he gets rid of all the properties he owns -- the team, Dodger Stadium and surrounding land, he could fetch over a billion dollars. He might need that just to break even, owing millions to creditors, his ex-wife in a divorce settlement and tax liabilities. It's possible McCourt could try to hang onto part of the team, but at this point, commissioner Bud Selig likely wants nothing to do with McCourt.
Prior to the trial, Selig said McCourt should sell a minority share, but since the trial has begun, he has wanted McCourt out. The two sides have been at war for quite some time, and there is no love lost between McCourt and Selig. It would be a major surprise if McCourt held onto the majority of the team, or even a nominal part. Selig also does not want McCourt to sell the team but keep the surrounding land and stadium.
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