4, whereupon if the judge sided with Frank he would keep the team and pay a settlement fee to Jamie and if the judge sided with her the team would be sold. However, on June 20, baseball rejected the television deal and the settlement agreement fell apart. On October 17, 2011, the McCourts reached a settlement in their divorce case whereby Jamie would receive about $130 million and relinquish her claim on the Dodgers. This ended what is widely believed to be the costliest divorce in California history. Ownership dispute with Major League Baseball: Bankruptcy and sale of the Dodgers In April 2011, MLB Commissioner Bud Selig announced that as part of an MLB investigation into McCourt's stewardship of the Dodgers, he would be appointing a representative to oversee the team's day-to-day operations. In effect, the commissioner's office seized control of the team. His statement said that he took that action because of his "deep concerns for the finances and operations" of the Dodgers. This event occurred shortly after an LA Times report that McCourt had obtained a personal loan from Fox to cover the team's payroll for April and May. McCourt vigorously disputed MLB's actions. Nevertheless, Selig appointed former diplomat and former Texas Rangers executive Tom Schieffer to oversee the Dodgers' finances. On June 27, the Dodgers filed for Chapter 11 Bankruptcy protection. After much legal wrangling between McCourt's lawyers and MLB lawyers in bankruptcy court, he reached a deal with the league to put the team up for sale. On March 27, 2012, he agreed to sell the team to a group consisting of former L.A. Laker Magic Johnson, former baseball executive Stan Kasten and the Guggenheim Partners for a record price of $2 billion, the highest ever for a professional sports team. McCourt separately sold the land surrounding the stadium for $150 million to the same group, while maintaining some economic interest in the property. According to the Guggenheim Group, McCourt has no control or influence over the land, but will profit from potential future development of it. Also, the new ownership pays $14 million to rent the parking lots surrounding Dodger Stadium from an entity half-owned by McCourt. The sale officially closed on May 1, 2012, ending McCourt's turbulent period as Dodgers owner. Los Angeles Marathon In 2008, McCourt bought the operating rights to the Los Angeles Marathon. McCourt's group changed the route of the Marathon