Los Angeles Dodgers Potential Bidders
Some of the names mentioned as potential LA Dodgers bidders
Some of the names mentioned as potential LA Dodgers bidders.
The Jan. 23 deadline for bidders with an interest in the Los Angeles Dodgers has passed. A winning bidder will be identified by April, and a sale will be complete by April 30, according to the agreement reached between owner Frank McCourt and Major League Baseball.
Below, a list of names mentioned as potential bidders:
- Steven Cohen, hedge fund SAC Capital Advisors. Read More
- A group that includes former Los Angeles Lakers star Magic Johnson, former Atlanta Braves and Washington Nationals president Stan Kasten and Guggenheim Partners chief executive officer Mark Walter. Read More
- A group that includes former agent and current Chicago White Sox special assistant Dennis Gilbert, talk show host Larry King and Jason Reese of Imperial Capital.
- A group that includes former Dodgers general manager Fred Claire, former Oakland Athletics president Andy Dolich and former Dodgers batboy Ben Hwang.
- Family of the late Roy Disney partnered with Stanley Gold, who runs the family investment firm.
- Former Dodgers owner Peter O'Malley.
- New York investors Leo Hindrey and Mark Utay.
- A group that includes former Dodgers Orel Hershiser and Steve Garvey, and Joey Herrick of Natural Balance Pet Foods. Read More
- Dallas Mavericks owner Mark Cuban.
- Memphis Grizzlies owner Michael Heisley.
- A group that includes LA real estate developer Rick Caruso and former Dodgers manager Joe Torre. Read More
- A group chaired by developer Stanley Stalford called "Own the Dodgers." Shares would be sold so residents can band together to buy the team. Watch Video
Monday was the soft deadline for opening bids, meaning a serious bid would be considered after that date. Blackstone Advisory Partners, the group handling the sale for Frank McCourt, will accept the bids and select potential buyers that will be passed along to Major League Baseball for consideration.
McCourt and the Dodgers organization have said they believe the franchise could sell for at least $1.5 billion.
That's for a team that has 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.
After a battle in bankruptcy court during the summer and fall, McCout and MLB reached an agreement to facilitate the court-monitored sale of the Dodgers.
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