McCourt Gets $1.2 Billion Offer For Dodgers

5:17pm: Major League Baseball is skeptical of the offer, writes Shaikin, as it suspects McCourt may be using the offer as a ploy to stir negotiations with other suitors or to persuade a bankruptcy judge to keep McCourt in charge of the team.

"There are questions within the sports industry about whether this is a genuine offer," said one industry consultant who works extensively with MLB and other professional sports leagues.

2:11pm: Frank McCourt's financial troubles have been well-documented, but the Dodgers owner could sell his team for more than any MLB franchise in history. McCourt has been offered $1.2 billion to sell the Dodgers, according to Bill Shaikin of the LA Times. Los Angeles Marathon founder Bill Burke headed the bid, which includes funding from Chinese and American investors.

Both Burke and a spokesman for McCourt declined to comment to Shaikin. McCourt has discussed the sale of a partial share of the Dodgers with at least two others groups, Shaikin reports. Burke's group is offering a cash payment for the team plus all related real estate and media rights. The bid would expire in 21 days with the goal of closing a sale within 90 days, according to Shaikin.

The Cubs sold for $845MM two years ago and that remains the record sale price for an MLB franchise.


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109 Comments on "McCourt Gets $1.2 Billion Offer For Dodgers"


yankswin28
3 years 11 months ago

Dayum.

MattCMoore
3 years 11 months ago

Lol

chico65
3 years 11 months ago

Took the word right out of my mouth.  Now imagine what they’d be worth if McCourt hadn’t had his grubby hands all over the franchise…

Ben_Cherington
3 years 11 months ago

SOLD!

NickinIthaca
3 years 11 months ago

Offer accepted and sale approved in 3…. 2…..  1……

Although I wouldn’t say this is out of nowhere, it kind of reminds me of a hostile takeover in the business world.   It’ll be near impossible for him to say no considering his standing among MLB owners, and although I know nothing of the offering group, it seems like a lot to pay for an organization in this alleged state of disrepair

theophilus166
3 years 11 months ago

supposedly they’re about to have a bidding war over rights to Dodgers games, which could factor into the price.

3 years 11 months ago

MLB won’t allow the Astros to be sold because of “war profiteering” charges, do you really think they will allow the Chinese government to buy the a MLB team?  Overall the MLB owners are a pretty conservative group, I doubt they want the Chinese government involved.

3 years 11 months ago

Chinese Owners….Hmm could the Dodgers try to put a foothold into the chinese market. 

jwsox
3 years 11 months ago

technically an american owner who does a majority of his business in China, but lets be honest who doesnt these days? If the MLB turns to down becuase a majority of the money is coming from China they need to look into every single owner because i bet about 60% of the owners of teams have at least 40% of their money coming from over seas…I mean come on the potential new owner of the Stors is a war profiteer 

3 years 11 months ago

There is a huge difference between “money coming from China” and having
‘state-owned investment institutions of the People’s Republic of China’ as business partners.

woadude
3 years 11 months ago

Just one more thing China can own, a Historic Baseball club…..

3 years 11 months ago

Chinese people like Bill Burke are taking over this country… Wait, what?

JacksTigers
3 years 11 months ago

No, the Chinese people can be mentioned in the article that you didn’t read.

3 years 11 months ago

I did read the article. Then I made a joke you didn’t get. Some people are awfully panicked about an American-led ownership group that includes some Chinese funding. In another decade it would be panic-worthy that the Mariners are under Japanese ownership.

rizdak
3 years 11 months ago

The Los Angeles Angels of Anaheim -> The Shanghai Dodgers of LA

3 years 11 months ago

It wouldn’t be Shanghai, it would be The Peking Dodgers of LA…. and of course they would change “Dodger Blue” to “Chinese Red”

bjsguess
3 years 11 months ago

Seems like a huge overpay. Pisses me off that it also rewards the McCourt’s despite their putrid ownership.

3 years 11 months ago

I doubt he’s going to sell.  If he does, Jaime will get half of that money.

3 years 11 months ago

Absolutely, and the publicity of this offer is only going to create more headaches for McCourt and his lawyers.  Jaime no doubt just doubled the “go away” price her and her lawyers are looking for.

3 years 11 months ago

who cars?  That’s 600m to Frank.  What a deal!!

3 years 11 months ago

I wonder how much the Yankees and Red Sox are worth, im saying $15 billion each because they know how to win.

vtadave
3 years 11 months ago

Yeah it’s called spending a ton of money.

Crucisnh
3 years 11 months ago

Money that they can afford to spend.  I’m sure that Dodgers fans would be happy to be in the same group as the Yanks, Red Sox, and Phillies.

J. Alora
3 years 11 months ago

They should be. They are a hugely popular team in a big market. The Dodgers are one of those sports teams that should ALWAYS be good, like the Yankees, Red Sox, Lakers, Celtics, Cowboys, etc. There’s no excuse for being bad with the advantages they have.

Crucisnh
3 years 11 months ago

I don’t know if they should always be good, but being that they’re in LA, there’s no excuse for them not being able to spend like a big market team. It’s pathetic.

Isaac
3 years 11 months ago

Wait you said cowboys didn’t they just go 6-10

LioneeR
3 years 11 months ago

Football is a bad example because of the hard cap.

0bsessions
3 years 11 months ago

And basketball’s a bad example because of the fact one player can make or break a team.

All told, baseball’s the only sport where you can really apply the “large markets should usually succeed” theory.

0bsessions
3 years 11 months ago

The Celtics and Lakers were both absolutely terribad for a very long stretch of time (I’m reasonably sure the Lakers were awful for a while before Kobe and the Celtics were mediocre to bad for a decade and a half after Bird got old and their young players kept dropping dead). Basketball’s structured in a way where one bad draft can completely kill your team for a while and with their top pick being entirely predicated upon luck some teams, even in big markets, can be awful for extended periods of time.

3 years 11 months ago

Record sale? Good for baseball. Getting rid of the McCourts? GREAT for baseball. Please let this happen.

Gumby65
3 years 11 months ago

Rewind << button x 8 years or so "Get rid of FOX? Hell yeah, count me in on this!"  Let's scrutinize the "group" verrrry carefully eh.

3 years 11 months ago

While that’s a fair point in general, the McCourts have set the bar so low it’s nearly impossible to be worse. For instance, you wouldn’t want the Wilpons as owners, but they aren’t as bad a situation to be stuck with as McCourt. The only advantage of McCourt is that he’s more likely to be forced to sell.

lakersdodgersyankees4life
3 years 11 months ago

At least Wilpon lost his money by trying to invest and it was just a bad situation. McCourt did this to himself by living a lifestyle they couldn’t afford. There is a reason MLB is helping the Mets and not the Dodgers…

$7182726
3 years 11 months ago

The “Chinese investors” are really Chinese state-owned enterprises, which are run by Communist Party officials. There is no separation between the Chinese Communist Party and the Chinese government. They are the same thing.

As much as I can’t stand the McCourts, I have to say “hell no”. I don’t trust my neighbor. I sure as hell don’t trust the Chinese Communist Party.

3 years 11 months ago

I loved you in Red Dawn.

3 years 11 months ago

If you have any information about how China is going to take over America by owning the Dodgers please let us know.  I know taking over America was tried by the Canadians but that hasn’t worked out so well for them.

A lot of different countries have assets in American, and America owns plenty of stuff in other countries as well.

Besides, China would no more own the Dodgers than the US owns the Dodgers .

start_wearing_purple
start_wearing_purple
3 years 11 months ago

You see, that’s the genius of it. It’s all about the stadium. The Chinese take over the team and establish a secret military barracks underneath. The next step is to buy the Angels and establish another base. Then the Padres, then the A’s, and finally the Giants. It’s about taking over California and it all starts with buying the Dodgers.

Isaac
3 years 11 months ago

I can see that happening no one would notice anyway no one hoes to dodger stadium anyway

vtadave
3 years 11 months ago

I don’t know about any “hoes” in Dodger Stadium, but they’ll easily draw 3 million a year with McCourt gone.

Isaac
3 years 11 months ago

I didnt means hoes I ment goes sorry

3 years 11 months ago

Thats a lot of hoes.

lakersdodgersyankees4life
3 years 11 months ago

you realize the Dodgers had one of the highest attendance marks of the decade? People aren’t going to games in a revolt against McCourt, and because the team is losing this year. Before that, they had sellouts almost nightly

Commander_Nate
3 years 11 months ago

Arte Moreno served in the Vietnam War. If anything, the Angels will be the checkpoint keeping our would-be Chinese overlords from advancing out of Chavez Ravine. We’ll probably see a wall built around the area starting somewhere in Long Beach circling all the way around to Santa Barbara with guard towers and everything.

Crazy times we live in.

Commander_Nate
3 years 11 months ago

/cartman_voice

What are pwans to invade America again? I forgot, haha

/end cartman_voice

3 years 11 months ago

In the 1970s, the Chinese government issued a pamphlet declaring that baseball would “help build the (Communist)
party” by promoting “the diligent study of Marxism, Leninism and Mao
Zedong Thought.”

bjsguess
3 years 11 months ago

Can you name some prominent companies in China that are owned by Americans?

Good luck with that. 

You can take all of the money you want and try to buy a big company in China. They won’t take your money. 

Meanwhile consider how many prominent companies are here in America but wholly owned by Chinese nationals. The list would go on and on and on.

0bsessions
3 years 11 months ago

“Can you name some prominent companies in China that are owned by Americans?”

Blizzard China, a subsidiary of Activision Blizzard, a company operated out of Santa Barbara, California.

jwsox
3 years 11 months ago

you do realize they arereally not communist…yes they are not democratic but they are not true communists, closer to socialists and they have one of the best economies in the world right now(again not communist state of mind)

IdontknowwhyIpostonforums
3 years 11 months ago

Fascist is more apt a description of their type of government.

Commander_Nate
3 years 11 months ago

State capitalism, FTW!!!!!!

IdontknowwhyIpostonforums
3 years 11 months ago

Take it and run McCourt!  Specifically run in front of a truck or into a wood chipper.  Either one.

Isaac
3 years 11 months ago

Wood chipper would be funnier to watch

start_wearing_purple
start_wearing_purple
3 years 11 months ago

You should watch Fargo… wood chipper scene not so funny.

Isaac
3 years 11 months ago

If its McCourt then it’s going to be funny

JacksTigers
3 years 11 months ago

Normal reaction? I think not.

Isaac
3 years 11 months ago

What do you mean?

CaseyBlakeDeWitt
3 years 11 months ago

Psychopathic murderer.

Isaac
3 years 11 months ago

Oh ok then

craigkimbrelfan
3 years 11 months ago

Is the divorce finalized?  If I’m McCourt, I’m waiting until that’s done, then sell.  Ain’t no ho gettin’ 600 million from me lol

3 years 11 months ago

Easy-E? Is that you?

JacksTigers
3 years 11 months ago

EaZy-E is alive?!?!?!? Hooray!

3 years 11 months ago

You realize the reason he has to sell the team is so that she can get half of his net worth. She’ll get hers regardless.

lakersdodgersyankees4life
3 years 11 months ago

no, but the divorce is gonna force him to most likely give 1/2 of whatever he gets for the team to jaime anyways. should take this and go hide

0bsessions
3 years 11 months ago

I’m not entirely sure that’s how it works. I’m acquainted with an individual currently going through a divorce and I’m of the understanding (And this may just be different state to state) that any assetts accrued after the seperation or when the divorce papers are served (I forget which) aren’t counted in proceedings. I’m not 100% certain of this, so take it with a grain of salt, but there you go.

ramjamrock
3 years 11 months ago

As a Giants fan, I love the Dodgers the way they are! Screw that “don’t you want it to be a fair fight?” rhetoric. I will step on my enemy’s throat each and every time. Some other team will rise to the challenge (2010 Padres, 2011 Diamondbacks). And it all goes in cycles. It will be my team’s time to hurt again sooner than I’d like.

As a baseball fan, this would be tremendous. It gets rid of a headache owner and establishes a new precedent for the valuation of a big market franchise.

As a person, I hate to see Frank McCourt rewarded in any way.

IdontknowwhyIpostonforums
3 years 11 months ago

I liked everything about your post except “As a Giants fan” and “they way they are” This is what makes rivalries awesome.

ramjamrock
3 years 11 months ago

Exactly! I don’t feel any enmity toward Dodger fans. It’s not their fault, they were just raised wrong.

3 years 11 months ago

You could make the same argument for racists and Republicans. Just because they were raised that way doesn’t mean they’re not wrong.

Isaac
3 years 11 months ago

It’ll be funny if it’s McCourt

lakersdodgersyankees4life
3 years 11 months ago

McCourt, just take the money and go hide somewhere… like Libya 

pmc765
3 years 11 months ago

Isn’t Jamie claiming SHE is the owner? That the Dodgers aren’t Frank’s to sell? She’d have to sign, or the court would have to hold a hearing and extinguish her interest in 21 days. That won’t happen, and even if it did such an order would be appealable.

So Jamie just refuses to sign unless Frank meets her extortionate demands, right? No deal then, true?

lakersdodgersyankees4life
3 years 11 months ago

that is what the court has said. the team is both of theirs. THerefore, yes, she has to sign off. But why wouldnt she? This will more or less resolve the situation and get her 600 MILLION dollars, plus whatever else Frank owes her. If the offer is legit, it will probably be the best offer they get

jmcbosox
3 years 11 months ago

and jamie mccourt has just become the hottest woman on the planet…

3 years 11 months ago

To all the SF fans. Enjoy it and your 1 WS ring (while in SF) while you can. Because once we get this owner situation rectified (and we will) you be back at the bottom of the heep.

3 years 11 months ago

That’s ridiculous.

Jorden
3 years 11 months ago

Frank can’t turn this down….

Frank to Judge: Please reduce my payments to wife, I’m broke.
Judge: Didn’t you turn down 1.2B offer?
McCourt: well played sir.
Judge: TV rights sale declined.

Then Frank would sell the team cause he HAS too, which would lower the value by say 200-400M.

3 years 11 months ago

Even Mark Cuba backed off, saying it could take up to 20 years to get the Dodgers turned around.  Maybe the Chinese government could do it quicker, but it might mean “”Dodger Blue becoming “Chinese Red”, and “Dodger Dog” could take on a whole new meaning entirely.

bjsguess
3 years 11 months ago

20 years? What a load of bull. With an infusion of cash you could have this team in the playoffs next year. Bring in a world class front office and the farm system could be tops in 5 years. Smart people + tons of money + aggressive Latin development = strong farm system in no time.

You can dramatically accelerate a return to respectability by simply spending your money wisely. Pretty sure you can hand 20% of the commentors on this site a payroll of $200m and they could assemble a 95 win team. And if the team is really worth $1.2B then they should be able to sustain a payroll in that range.

Point is the Dodgers could be respectable NEXT year. Case in point – look at the Angels. They went from being laughed at to the class of West Coast teams over night because the owner cut the price of beer and kept ticket prices low. Combine that with putting a winning product on the field and now they draw more than the Dodgers. If you would have said that the Angels would outdraw the Dodgers 10 years ago you would have been laughed at. Now Moreno is the only one doing the laughing.

3 years 11 months ago

Yeah, all it takes is cash.  First the $1.2B to buy the team, and then $800M to pay off all of the debt.  So that is 2 billion dollars paid and you have to meet payroll after that.

BTW there is no way the Dodgers are worth $1.2B.. although they may have that much in debt.

3 years 11 months ago

Bankruptcy court ensures the $800M debt will be covered by the $1.2B or whatever the team sells for.

MannyBeingMVP
3 years 11 months ago

If the offer is legit, this is win-win for everyone.  McCourt deserves to get market price, he does not deserve to hold onto the team.  He could not anticipate the divorce, but things happen and it is time for everyone to cut their losses and move on.