The Los Angeles Dodgers, who were considered such a basket case a year ago that Bud Selig, the commissioner of baseball, took control of them away from Frank McCourt, are on the verge of being sold.
They may sell for $1.5 billion or more, an extraordinary turnaround in fortunes for McCourt.
Now, in the final phase of the sale, Major League Baseball owners are expected to vote Wednesday by telephone on three bidders. Each will need a three-quarters vote to move on to a private auction run by the investment bank hired by McCourt, who will choose the winner, perhaps by the end of the week.
Full Story: Sale of Dodgers nears a resolution