Frank McCourt, a Boston real estate developer who failed in two earlier attempts to buy major league teams, has reached an agreement to purchase the Los Angeles Dodgers from News Corp., both parties said Friday.
McCourt will head an investment group that reportedly has offered more than $400 million for the team, Dodger Stadium and adjoining real estate, plus training facilities in Vero Beach, Fla., and the Dominican Republic.
Terms of the deal were not disclosed in a joint statement.
http://sports.espn.go.com/mlb/news/story?id=1635252
McCourt will head an investment group that reportedly has offered more than $400 million for the team, Dodger Stadium and adjoining real estate, plus training facilities in Vero Beach, Fla., and the Dominican Republic.
Terms of the deal were not disclosed in a joint statement.
http://sports.espn.go.com/mlb/news/story?id=1635252
