"The league's view is that the Dodgers needs to be owned by somebody who has the wherewithal to own the team and to properly capitalize it," says Thomas Lauria, partner at White & Case LLP. Lauria, who represents Major League Baseball, remarks that Frank McCourt, the owner and chairman of the Los Angeles Dodgers, "doesn't have any other source of income other than the Dodgers, so it's very hard to understand how he can fulfill that role." Going forward, Lauria explains that "the consensus view is that the team will be sold for a very high price, one that will provide a meaningful return to Mr. McCourt on his investment." For more on the Dodgers see, "Dodgers 'unafraid of using bankruptcy.' " - Katie Roof
Canadian commercial real estate services firm Avison Young hired Daniel Carlo as a principal of and managing director of the firm's Miami office. For other updates launch today's Movers & shakers slideshow.