Americana owner Rick Caruso leaves after speaking to Glendale Redevelopment Agency members at Glendale City Hall on Tuesday, February 15, 2011.

Americana owner Rick Caruso leaves after speaking to Glendale Redevelopment Agency members at Glendale City Hall on Tuesday, February 15, 2011. (Raul Roa/Staff photographer)

Joe Torre resigned his executive position at Major League Baseball on Wednesday to join with Los Angeles developer Rick Caruso in bidding to buy the Dodgers.

"I have great confidence in Rick Caruso's unique qualifications and his ability to lead a successful bid for the Los Angeles Dodgers," Torre said in a statement. "In Rick I found a partner who understands consumers and fully appreciates that the Dodgers are a treasured L.A. institution. Since moving to Los Angeles, I have seen firsthand Rick's dedication to business and people in Los Angeles. I am very excited about this new opportunity."

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-- Bill Shaikin, Los Angeles Times

Photo: Americana owner Rick Caruso leaves after speaking to Glendale Redevelopment Agency members at Glendale City Hall on Tuesday, February 15, 2011. Credit: Times Community News