Under the terms of their divorce settlement, Los Angeles Dodgers owner Frank McCourt has until Apr. 30 to pay his ex-wife Jamie $131 million—money he expects to raise by selling the team out of bankruptcy. On Nov. 1, the Dodgers and Major League Baseball agreed to the endgame: McCourt would sell the team, and promptly, but only if a bankruptcy judge, and not Commissioner Bud Selig, oversaw the process “in a manner designed to realize maximum value for the Dodgers and their owner Frank McCourt.” (Selig had wanted to seize the team.) All of which set the stage for a deal-making frenzy the likes of which Los Angeles hasn’t seen since Michael Milken was hosting his Predators Balls in the ’80s.
“It’s a sports-business circus here,” says David Carter, executive director of
the Sports Business Institute at the University of Southern California. “Every
day you see that someone else is throwing their hat in the ring or partnering
McCourt likely aims to fetch in excess of $1.5 billion for the team—a record price for a sports franchise. Click ahead for a look at some prominent figures in the Dodgers ownership picture.