Los Angeles Dodgers players high-five after beating the San Diego Padres 2-0 at Petco Park in San Diego on Sept. 23, 2011.
Credit Kevork Djansezian / Getty Images
Los Angeles Dodgers owner Frank McCourt speaks at a news conference on April 14, 2011, in Los Angeles, about safety issues following a fan attack at Dodger Stadium on opening day of 2011. McCourt has put the team up for sale, and bids from buyers are due on Monday.
The Los Angeles Dodgers are one of professional sports' most storied franchises. But they're up for auction because much-maligned and outgoing owner Frank McCourt was forced to put the team under bankruptcy protection last summer.
Now, preliminary bids for the Dodgers are due on Monday. The team lost its luster during McCourt's ownership, but estimates for the winning bid range from $1.2 to $2 billion, dwarfing the record $845 million paid for the Chicago Cubs a couple of years ago.