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Joe Torre Resigns From MLB Post To Join Group Bidding For Dodgers Ownership

Former New York Yankees manager Joe Torre announced his resignation from his position of MLB's executive vice president for baseball operations Wednesday, as he would like join a group that is bidding for the ownership of the Los Angeles Dodgers. Torre's resignation was to avoid a conflict of interest.

"I understand his desire to pursue an opportunity in Los Angeles,'' Bud Selig says of Torre (via ESPN's Jerry Crasnick Twitter account).

Last February, Torre, 71, was hired by MLB to "oversee on-field operations, making him one of the top executives at MLB's offices in New York." Before that, Torre resigned as Dodgers manager, a position he held for three years.

Hear from Torre after the jump...

"After leaving the field, this job was an incredible experience, one that I enjoyed very much,' said Torree in the official MLB press release.

Currently, the Dodgers and owner Frank McCourt are taking opening bids from prospective buyers. The deadline to submit bids is Jan. 23, a date that was moved up Tuesday to give more time to "substantial interest of potential bidders," Dodgers spokesman Robert Siegfried told the Los Angeles Times.

According to an agreement by McCourt and the MLB, McCourt must announce the winning bidder by April 1 and complete the sale by April 30.