First, Frank McCourt tried to buy his hometown Boston Red Sox. Then he sought the Anaheim Angels. Finally, in late 2003, McCourt, a land developer, triumphed: he and his wife, Jamie, bought the Los Angeles Dodgers for $430 million.

Now, after an ugly divorce, an angry battle with Major League Baseball and a decision to put the Dodgers into bankruptcy, McCourt on Tuesday night agreed during a meeting in his lawyers’ offices in Manhattan to sell the Dodgers in a process that will be supervised by a federal bankruptcy court judge. (MORE>>>)