Mar 28, 2012, 12:17 PM EDT
Associated Press file photo
Commissioner Bud Selig has twice entrusted the takeover of a franchise to Stan Kasten.
VIERA, Fla. — Upon announcing his resignation as president of the Washington Nationals in Sept. 2010, Stan Kasten made it clear he wouldn't be leaving the sports world altogether.
"I don't feel like retiring," he said that day. "I'm going to do something. I think it will be a while before I do."
Turns out "a while" was only about 18 months, because last night the Los Angeles Dodgers announced they have agreed in principle to sell the franchise and the Chavez Ravine property on which Dodger Stadium resides to a group headed by Guggenheim Partners CEO Mark Walter, former Lakers star Magic Johnson and Kasten.
The selling price: $2.15 billion, a record for any sports franchise.
Not a bad deal for Frank McCourt, the disgraced Dodgers owner who ran the organization into bankruptcy through his messy divorce and otherRead more »
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