The group featuring former Los Angeles Dodgers manager Joe Torre announces it is bowing out of the bidding for the team because current owner Frank McCourt will not include the parking lots outside Dodger Stadium in the package. McCourt built his now-threatened fortune by operating parking lots in large cities. Torre’s group states that by keeping control of this key resource, McCourt will make it impossible for the winning bidders to manage the team’s assets effectively. The group, which was among the favorites to emerge as the new owners at the end of the court-supervised process, leaves the door open to a re-engagement if the terms of the sale are changed to include the disputed lots.

This Day In Baseball

On February 23, 2012 — The group featuring former Los Angeles Dodgers manager Joe Torre announces it is bowing out of the bidding for the team because current owner Frank McCourt will not include the parking lots outside Dodger Stadium in the package. McCourt built his now-threatened fortune by operating parking lots in large cities. Torre’s group states that by keeping control of this key resource, McCourt will make it impossible for the winning bidders to manage the team’s assets effectively. The group, which was among the favorites to emerge as the new owners at the end of the court-supervised process, leaves the door open to a re-engagement if the terms of the sale are changed to include the disputed lots.

Source:
Baseball Reference February 23
SABR Games Project
National Pastime February 23
Hall of Fame
Replay The Game
Retro Sheet

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