Glazer, News Corp. Ltd. have deal in place

Updated: July 30, 2003, 9:12 AM ET
Reuters

LOS ANGELES -- News Corp. Ltd. has worked out a deal to sell the Los Angeles Dodgers to football magnate Malcolm Glazer, but both sides are waiting on approval of the deal from the National Football League, a source familiar with the situation said Tuesday.

A News Corp. spokesman declined to comment on whether a deal was imminent.

"Nothing has changed, we continue to talk to the Glazers," News Corp. spokesman Andrew Butcher said.

Sources have indicated in the past that the difficulty with the deal was NFL rules on football team owners also owning teams in other sports, and how they pay for and fund those teams. Glazer and his family own the Tampa Bay Buccaneers, winners of the last season's Super Bowl.

The source familiar with the discussions said it did not appear an announcement of a final deal was imminent.

"I don't think anything's going to happen this week," said the source, adding that none of News Corp's Fox television assets would be included in the sale.

The Dodgers were in the thick of the playoff hunt earlier this season before a collapse leading into the All-Star break. The team is now 12-1/2 games out of first place in the National League West.

In May, billboard magnate Arturo Moreno bought the Anaheim Angels baseball team for $180 million from Walt Disney Co.

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