And then there were three.
The three finalists in the running to potentially own the Los Angeles Dodgers, according to the Los Angeles Times, comes down to:
- A group led by hedge-fund billionaire Steven Cohen and Los Angeles billionaire and philanthropist Patrick Soon-Shiong;
- A group headed by Magic Johnson and baseball executive Stan Kasten;
- And St. Louis Rams owner Stan Kroenke.
The Dodgers could wind up selling at a record price for a U.S. sports franchise - $1.6 billion, The Times reported. The most a team has fetched was the Miami Dolphins for $1.1 billion in 2009.
The Changeup: Dodgers Updates, the Frank McCourt Era
A sale agreement was reached late last year between owner Frank McCourt and the league. The agreement came after a summer of turmoil for the franchise, which included a battle in bankruptcy court.
A winning bidder will be identified by April, and a sale will be complete by April 30, according to the agreement.
The Dodgers have won six World Series, the last coming in 1988. The team's spiral toward mediocrity hit rock bottom last season when financial woes prompted a bankruptcy filing. MLB Commissioner Bud Selig then appointed former Rangers president Tom Schieffer as the team's financial monitor in April.
The Dodgers finished third in the National League West and recorded just three sellouts.