Los Angeles Dodgers owner Frank McCourt and Major League Baseball reached an agreement late Tuesday to allow the team to be sold. This ends a troubled seven year period that included four trips to the postseason before recently becoming mired in legal troubles. McCourt and baseball Commissioner Bud Selig have traded barbs since MLB took control of day-to-day operation of the team in April over concerns about the team's finances and the way it was being run. McCourt apparently finally realized selling the team was in the best interest of both himself and the team's fans.

All this took place amid bankruptcy proceedings which included a showdown in U.S. Bankruptcy Court in Delaware at the end of this month as mediation talks continues  A joint statement said there will be a ''court-supervised process'' to sell the team and its media rights to maximize value for the Dodgers and McCourt. The Blackstone Group LP will manage the sale, which may include Dodger Stadium and surrounding parking lots.