Rupert Murdoch’s Costly Mistake With The Los Angeles Dodgers – Forbes
Rupert Murdoch—who, through News Corp., once owned the Dodgers—must be kicking himself.
The reason? Back in 2004, News Corp. sold the Dodgers to Frank McCourt for $430 million. And now he’ll most likely be laying out something north of $3 billion just to televise the team. Had he just held on for just a few more years…
The beneficiary of all of this, of course, is Frank McCourt, who stands to make more than $800 million on the deal for his bankrupt team. Who would have thought that McCourt—in his own semi-lucky way—would’ve outfoxed Murdoch?