Originally written on Fox Sports West  |  Last updated 11/10/14

LOS ANGELES, CA - AUGUST 30: Frank McCourt leaves Los Angeles County Superior Court after day one of a non-jury divorce trial on August 30, 2010 in Los Angeles, California. The trial, being presided over by Judge Scott M. Gordon in California Superior Court, is to decide whether Frank McCourt is the sole owner of the Los Angeles Dodgers baseball team or his estranged wife and former Dodger CEO Jamie McCourt still has ownership stake in the team. (Photo by Kevork Djansezian/Getty Images)
Peter O'Malley has withdrawn his bid to buy the Dodgers, two people familiar with the sale process said Tuesday. The decision means the O'Malley family will not reclaim the stewardship of the team it owned for nearly half a century, a span during which the Dodgers won all six of their World Series championships. O'Malley declined to comment. The people who confirmed the decision were not authorized to discuss it publicly. Backed in part by the South Korean conglomerate E-Land, O'Malley was one of 11 bidders to survive the first cut. Blackstone Advisory Partners, the investment bank handling the Dodgers sale for owner Frank McCourt, has asked the remaining bidders to submit a new offer this week. However, according to one of the people, O'Malley was concerned he might not win the bidding even if he made the highest offer. O'Malley, 74, publicly called for McCourt to sell the Dodgers before Commissioner Bud Selig applied pressure for him to do so. In a September 2010 interview wi...
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