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Fox Sports, Los Angeles Dodgers near deal worth billions

Dodgers

Earlier today we brought you the news that Vin Scully, the legendary voice of the Los Angeles Dodgers, was returning to the team for an astounding 64th season.

Now, news has broken that the Dodgers are close to a deal with Fox Sports that is worth billions of dollars. Negotiations on the deal began in May, according to a Hollywood Reporter article.

The team is in the midst of a drastic makeover that has seen them trade for millions of dollars worth of contracts following its purchase from a new ownership group fronted by basketball legend Earvin “Magic” Johnson. In addition, they are renovating Dodger Stadium and intend to become the premier organization in baseball, a spot currently maintained (arguably) by the New York Yankees.

Among the topics being discussed in this potential deal is joint ownership of English- and Spanish-language networks. Last year, Major League Baseball commissioner Bud Selig rejected a $3 billion-over-20-years pact that ex-Dodgers owner Frank McCourt signed with Fox last year. Speculation is that Selig did so to press upon McCourt, who was engaged in a bitter divorce, to sell the team.

Both sides in this deal say that this deal will greatly eclipse those numbers. Some experts believe the team could net the richest TV deal ever in pro sports.

The ownership group paid $2.15 billion for the team in the spring.

 


Details
Person:
- Vin Scully
Network:
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Written by: Hamatosan
Aug 27th, 2012, 5:11 am

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