McCourt Receives Offer For L.A. Dodgers

In light of today's news that the deal between the New York Mets and hedge fund manager David Einhorn, the L.A. Dodgers have received a bid for $1.2 billion to buy the team.

According to Bill Shakin of the L.A. Times, Frank McCourt has received an offer for $1.2 billion from Bill Burke, founder of the L.A. Marathon, as well as 'state-owned investment institutions of the People's Republic of China' and unidentified American investors. The bid is an all cash bid for the famed baseball franchise.

If McCourt does sell the team, it would be the highest offer for a MLB franchise to date. The L.A. Times spoke to Burkle, and he had no comment on the proposed deal.

Steve Sugerman, a spokesman for McCourt, declined comment.

McCourt is currently undergoing a deal to sell a part of the team, as he has had a contentious divorce with his ex-wife Jamie.

According to the letter, the offer would be for the Dodgers, all real estate related to the team and the team's media rights.