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2003 SPORTS: NEW DODGERS OWNER EXPECTED IN 2004 BOSTON'S MCCOURT TO TAKE THE HELM.


Byline: Rich Hammond Rich Hammond
Los Angeles Daily News sports writer. Instrumental in bringing the Los Angeles Kings hockey organization closer to the fans. He is the atypical "what a guy" to Kings fans everywhere.

Rich Hammond on himself.
  Staff Writer

A mystery man from the East Coast, with no background in baseball other than his longtime devotion to the Boston Red Sox The Boston Red Sox are a professional baseball team based in Boston, Massachusetts. The Red Sox are a member and currently champions of the Eastern Division of Major League Baseball’s American League. From to the present, the Red Sox have played in Fenway Park. , swooped into Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region,  in October and agreed to purchase the Dodgers, one of sports' most storied franchises.

Frank McCourt
This article is about the author and memoirist. For the owner of the Los Angeles Dodgers and real estate developer, see Frank McCourt (executive)


Francis "Frank" McCourt (born August 19, 1930) is an Irish-American teacher and author.
, a prominent Boston land developer, will pay News Corp. approximately $430 million for the Dodgers, assuming that the sale is approved in January as hoped. The announcement, on Oct. 10, concluded News Corp.'s brief courtship with McCourt and its long, confusing effort to get somebody to buy the Dodgers.

If approved, the sale will end the reign of News Corp., which bought the team from Peter O'Malley
''This article is about Peter O'Malley the baseball executive, for the Australian golfer, see Peter O'Malley (golfer)
Peter O'Malley (born in December 12, 1937 in Brooklyn, New York) [1]
 for $311 million in 1998. The Dodgers have run deficits every year since, have been hit by embarrassing scandals (Kevin Malone, the Mike Piazza trade) and haven't made the playoffs under News Corp. ownership.

``This is an organization,'' longtime manager and current team Vice President Tommy Lasorda said, ``that under the O'Malley regime was all about class. It was dignified, and it was a winner, and hopefully we can get back to that.''

News Corp. believed it had a match in the spring, when Tampa Bay Buccaneers
    The Tampa Bay Buccaneers (often shortened as the Bucs) are a professional American football team based in Tampa, Florida. They are currently members of the Southern Division of the National Football Conference (NFC) in the National Football League (NFL).
     owner Malcolm Glazer obtained exclusive negotiating rights, and in June the two sides appeared on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955.  of announcing a sale agreement.

    But that deal fell apart, complicated by NFL NFL
    abbr.
    National Football League

    NFL (US) n abbr (= National Football League) → Fußball-Nationalliga
     cross-ownership rules that made it difficult for Glazer to come up with enough independent money for the Dodgers.

    Other candidates, such as former Seattle Marines owner Jeff Smulyan and real-estate developer Alan Casden, showed a continued interest, but over a two-month period, McCourt emerged as a potential fit and then, the likely choice.

    McCourt's involvement was something of a surprise to his colleagues in Boston, because McCourt's financial credibility had been called into question when he attempted to purchase the Red Sox in 2001 and the Angels in 2002.

    The majority of McCourt's fortune, estimated to be between $400 million and $500 million, comes from his ownership of a valuable 25-acre parcel of waterfront land in South Boston.

    News Corp. officials were assured of McCourt's ability to finance the sale, and hoped the sale would be approved at a Nov. 20 owners meeting, but by that point, McCourt had submitted only a small fraction of the necessary paperwork. McCourt faced a Dec. 31 deadline for submitting all the paperwork to Major League Baseball "MLB" and "Major Leagues" redirect here. For other uses, see MLB (disambiguation) and Major Leagues (disambiguation).
    Major League Baseball (MLB) is the highest level of play in North American professional baseball.
    .

    There were also intra-team issues for McCourt to consider, primarily the status of general manager Dan Evans and manger Jim Tracy, as well as the future of Dodger Stadium, with the possibility that McCourt might build a new downtown stadium.

    ``We feel enormously privileged and excited about this opportunity to lead the Dodgers to continued excellence across every level of the organization,'' McCourt said in a statement released by News Corp.

    CAPTION(S):

    photo

    Photo:

    Frank McCourt, standing in his Boston office in this 2001 file photo, will pay approximately $430 million for the Dodgers.

    Patricia McDonnell/Associated Press
    COPYRIGHT 2003 Daily News
    No portion of this article can be reproduced without the express written permission from the copyright holder.
    Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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    Article Details
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    Publication:Daily News (Los Angeles, CA)
    Geographic Code:1USA
    Date:Dec 31, 2003
    Words:504
    Previous Article:2003 SPORTS: L.A. GAINS LITTLE YARDAGE FOR TEAM ROSE BOWL, THREE OTHER SITES IN NFL MIX.
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