Blackstone Group Managing LA Dodgers Sale

The Los Angeles Dodgers baseball team said it has agreed with Major League Baseball officials to a court-supervised sale of the team and its media rights, potentially ending a long-running court battle between the league and owner Frank McCourt, Reuters reported. Blackstone Group will manage the sale. The Dodgers filed for bankruptcy in June after the league's commissioner, Bud Selig, rejected the team's proposed deal to sell its broadcast rights to generate desperately needed cash, Reuters wrote Wednesday.

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