Joint Statement From Major League Baseball and the Los Angeles Dodgers

LOS ANGELES, Nov. 2, 2011 /PRNewswire/ -- Major League Baseball and the Los Angeles Dodgers issued the following joint statement this evening:

"The Los Angeles Dodgers and Major League Baseball announced that they have agreed today to a court supervised process to sell the team and its attendant media rights in a manner designed to realize maximum value for the Dodgers and their owner, Frank McCourt.  The Blackstone Group LP will manage the sale process."

Contact: Patrick Courtney or Michael Teevan, Major League Baseball, (212) 931-7878, twitter.com/MLB_PR; Howard Sunkin, Los Angeles Dodgers, [email protected].

SOURCE Los Angeles Dodgers