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11/02/11 1:10 AM EST

Joint statement from Major League Baseball and the Los Angeles Dodgers

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."

This story was not subject to the approval of Major League Baseball or its clubs.


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