Dodgers’ McCourt to Meet with League Over Club’s Ownership

April 27, 2011

Owner of Major League Baseball’s (MLB) Los Angeles Dodgers, Frank McCourt will meet league executives in New York today, April 27, just two days after J. Thomas Schieffer was appointed to monitor the team’s operations.

McCourt revealed that he plans to discuss a television rights deal with News Corp.’s Fox network and the LA Times reported that the club presented MLB Commissioner Bud Selig with an agreement for a 20-year contract with Fox worth at least US$3bn, on April 5.

McCourt said that the agreement “provides financial stability for the ball club for years to come,” adding: “The media rights package is fully negotiated and it is one of the most favorable ever reached by a baseball team.”

MLB announced that Schieffer, the former president of the Texas Rangers, will oversee day-to-day operations of the Dodgers on Monday, April 25 with Selig revealing last week that his office was taking over operations because of “deep concerns regarding the finances” of the club.