An extract on #losangeles
The Dodgers muddled ownership situation which had been in question since Frank McCourt's separation from his wife at the end of the 2009 season started to resolve itself. First McCourt and estranged wife Jamie McCourt reached a settlement in their bitter divorce case, in which she gave up her claims on the team for $130 million and then McCourt agreed to a settlement with Major League Baseball where the team would be put up for sale in a bidding process with the bankruptcy court. Several groups of potential owners placed bids on the Dodgers, including Magic Johnson and Mark Walter, Steve Cohen, Rick Caruso and Joe Torre, Stanley Gold, Dennis Gilbert and Larry King, Mark Cuban and Orel Hershiser & Steve Garvey.
On March 27, 2012, it was announced that an agreement had been reached on the sale of the Dodgers between Frank McCourt and Guggenheim Baseball Management LLC, a group of investors fronted by Guggenheim CEO Mark Walter and including former Los Angeles Lakers player Magic Johnson, baseball executive Stan Kasten and film mogul Peter Guber. The total sale price for the Dodgers (which includes Dodgers Stadium) exceeded $2 billion, making the sale the largest for a professional sports team in history, exceeding the approximately $1.5 billion purchase of Manchester United F.C. by Malcolm Glazer in 2005, On the same day, it was also announced that the members of the group will partner McCourt in purchasing the property surrounding the stadium. The sale price of the Dodgers was considered to be far higher than what the team was actually worth at the time of sale. Estimates made by Forbes placed the value of the Dodgers at approximately $1.4 billion, and the winning bid was more than 30% higher than the next highest bid. On April 13, the sale was approved by the bankruptcy court and the deal was finalized on May 1.
On September 30, 2011 the Dodgers announced that the entire coaching staff would return for the 2012 season. Dave Hansen, who had previously been hired as an interim hitting coach, was officially promoted to hitting coach.
The Dodgers got their offseason moves under way on October 4, 2011 when they declined the 2012 options on third baseman Casey Blake and pitcher Jon Garland and outrighted utility player Eugenio Vlez to the minor leagues. The Dodgers other free agents at the end of the 2011 season were pitchers Jonathan Broxton, Hiroki Kuroda, Mike MacDougal and Vicente Padilla, catcher Rod Barajas, infielders Jamey Carroll and Aaron Miles and outfielder Juan Rivera. Outfielder Jamie Hoffmann was claimed off waivers by the Colorado Rockies on December 5. On December 8, the Dodgers traded starting pitcher Dana Eveland to the Baltimore Orioles for two minor leaguers. On December 12, the Dodgers chose not to offer a contract to relief pitcher Hong-Chih Kuo, making him a free agent. Kuo had been the longest tenured Dodger at the time of his release.