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Joe Torre’s group pulls out of the bidding for the Dodgers because McCourt won’t sell the parking lots

File photo of Los Angeles Dodgers owner Frank McCourt speaking at a news conference about increased security at Dodger Stadium in Los Angeles

Los Angeles Dodgers owner Frank McCourt speaking at a news conference about increased security at Dodger Stadium in Los Angeles, California, in this April 14, 2011 file photo. In an unusual move, Major League baseball commissioner Bud Selig announced April 20, 2011 the League’s plans to take control of the day-to-day operations of the Dodgers because of mounting concern over the franchise’s financial plight. REUTERS/Lucy Nicholson/Files (UNITED STATES - Tags: SPORT BASEBALL CRIME LAW)

REUTERS

The Los Angeles Times reports that Joe Torre’s ownership group -- backed by real estate developer Rick Caruso -- has pulled out of the bidding for the Dodgers. Why? Because Frank McCourt wants to keep the parking lots.

Caruso and other bidders thought the purchase of the lots would be negotiable. However, in a recent meeting with Caruso, McCourt said he intends to keep the lots and develop them, according to the people familiar with the sale process ... McCourt divided the Dodgers and the parking lots into separate entities in 2005, with the approval of Major League Baseball. The Dodgers are in bankruptcy, but the McCourt entity that controls the parking lots is not.

Frank McCourt: buys the Dodgers on the back of a big parking lot deal in Boston, drives them into the ground, and wants to come out richer on the other end on the back of another parking lot deal.

So glad that Selig and company let this vulture into the ownership club.