China to buy out LA Dodgers.

Posted on September 6, 2011 by

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Obama’s Economy; Foul!

In an international twist in the Dodgers’ ownership saga, Frank McCourt has been offered $1.2 billion to sell the team to a group indirectly financed by the government of China.

The bid is headed by Los Angeles Marathon founder Bill Burke, according to a letter sent to McCourt on Tuesday. The letter was disclosed to The Times by two people familiar with its content but not authorized to discuss it publicly.

The proposed sale price would set a record for a Major League Baseball team. However, the bid was received with skepticism within MLB, where executives wondered whether the proposal might be used by McCourt to stir negotiations with other potential buyers or to persuade a Bankruptcy Court judge to keep McCourt in charge of the team.  Keep Reading

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