As city celebrates Dodgers sale, McCourt looks to big payday
As fans all over the region celebrated the sale of the Dodgers to a group led by former Lakers great Magic Johnson, it was revealed Frank McCourt could make as much as $1 billion from the deal.
Bill Shaikin and David Wharton reported Wednesday about the possibly hefty payout for the former Dodgers owner, who bought the team for $430 million in 2004.
The proposed $2.15 billion sale must be confirmed in a bankruptcy court hearing on April 13.
Despite the news about McCourt, who is generally reviled for his ownership of the L.A. institution, fans were in a celebratory mood after news of the deal broke Tuesday night.
Francisco Rodriguez, a lifelong fan who gave up his season tickets two years ago, was in line at the stadium box office early Wednesday, buying tickets for opening day and trying to find room in his budget to buy season seats in the pavilion.
“I decided to wait until I knew who was the owner to go ahead and buy tickets,” said Rodriguez as a trickle of fans made their way to the box office in groups of twos and threes.
“I love the Dodgers. And it was heartbreaking to stop buying my season tickets. Hopefully now it’s all for the better.”
-- Bill Shaikin, David Wharton, Kevin Baxter and Paloma Esquivel