Former Los Angeles Dodgers manager Joe Torre said today he will partner with developer Rick Caruso in a bid to buy the team.
"I have great confidence in Rick Caruso's unique qualifications and his ability to lead a successful bid for the Los Angeles Dodgers," Torre said.
"In Rick, I found a partner who understands consumers and fully appreciates that the Dodgers are a treasured L.A. institution," he said. "Since moving to Los Angeles, I have seen firsthand Rick's dedication to business and people in Los Angeles. I am very excited about this new opportunity."
Caruso said he was "thrilled to partner with Torre" in his bid for the Dodgers, which he called "an iconic Los Angeles franchise."
"Joe has a proven track record of fielding winning teams and I am looking forward to our group benefiting from his unique experience," Caruso said.
Caruso said that he and Torre "believe in the Dodgers and Dodger fans and know that together we will foster a winning culture and deliver a premier, fan-focused baseball experience at Dodger Stadium."
Torre resigned as Major League Baseball's executive vice president of baseball operations to join Caruso's bid for the Dodgers.
Torre stepped down because "everyone felt that if he was pursuing a team he would need to focus his energies on that effort and avoid any possible appearance of conflict," Major League Baseball senior vice president of public relations Patrick Courtney told City News Service.
Owner Frank McCourt and Major League Baseball reached an agreement Nov. 1 regarding a "court-supervised process" to sell the team, which filed for Chapter 11 bankruptcy in June.
Other potential bidders for the team include former owner Peter O'Malley, basketball legend Magic Johnson, former Dodger stars Steve Garvey and Orel Hershiser, talk show host Larry King and the billionaire hedge fund executive Steven Cohen, according to the Los Angeles Times.
Torre, who managed the Dodgers from 2008-10, guided the New York Yankees to four World Series championships. He was named in February to his position with Major League Baseball, which oversees areas including major league operations, on-field operations, on-field discipline and umpiring.