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Frank McCourt is offered $1.2 billion for Dodgers

The all-cash bid comes from Bill Burke, founder of the L.A. Marathon, plus 'state-owned investment institutions of the People's Republic of China' and unidentified American investors, a letter sent to Frank McCourt says. Burke and a spokesman for McCourt have no comment.Frank McCourt has been offered $1.2 billion to sell the Dodgers, The Times has learned.

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