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Peter O’Malley Withdraws LA Dodgers Bid

Peter O’Malley won’t own the Los Angeles Dodgers for a second time.

The 74-year-old former owner reportedly withdrew his bid Tuesday, leaving 10 potential individuals or groups left in the running to purchase control of the baseball franchise from Frank McCourt.

The O’Malley family owned the Dodgers from 1950-1998 before News Corporation purchased the team for reportedly $350 million.

A new round of bids are expected on Thursday as we are just two months away from the end of the McCourt era.

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