As first tipped by New York Times columnist Richard Sandomir, there’s another group jumping into the Frank McCourt bankruptcy sweepstakes. And it’s a good one.

Former Dodgers manager Joe Torre has left his MLB executive position to join a bid led by The Grove and Americana on Brand developer Rick Caruso, in what would be a tremendous bit of local-karma competition for Magic Johnson‘s planned bid. There’s also another key person involved. Per Bill Shaikin‘s LA Times blog item this morning:

The investment banker working with Caruso and Torre is Byron Trott of BDT Capital in Chicago, described in this London Evening Standard article as the only banker Warren Buffett trusts.

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