Nov 3, 2011, 7:28 AM EST
ESPN Los Angeles is reporting that former Dodger first baseman Steve Garvey is preparing to put in a bid for the team in the upcoming bankruptcy auction which will finally wrest control of the team from the clutches of Frank McCourt.
As I said back then, one has to wonder whether a motivational speaker/informercial king/VIP greeter/paternity suit magnet like Garvey who, by some reports, has had personal financial difficulties of his own over the years is really someone who can rope together a billion bucks from investors. But this being an auction, Garvey’s financial bona fides will be checked beforehand and his group approved by Major League Baseball before he’s allowed to bid.
There appear to be no shortage of other groups trying to get a bid together. Former owner Peter O’Malley said he is. Mark Cuban may. Former agent Dennis Gilbert, who was in pursuit for the Rangers last year, may also be interested. And of course there are always heavily-moneyed people you’ve never heard of who show up on the scene in such instances.
The kicker to all of this: if the bidding does get hot and heavy and the price goes up, Frank McCourt may actually walk away from this thing with a lot of dough even after he pays off his copious debts. Which would push me that much closer to simply becoming a nihilist.
- Matt Kemp remains “in play” for the Red Sox 39
- Robinson Cano “didn’t want to play” for Joe Girardi 89
- Report: Yankees have agreed to a three-year deal with Carlos Beltran 121
- Mike Napoli agrees to two-year, $32 million deal with Red Sox 36
- Curtis Granderson leaves Yankees for Mets (and $60 million) 68
- Robinson Cano agrees to $240 million deal with Mariners (260)
- Yankees agree to seven-year, $153M contract with free agent outfielder Jacoby Ellsbury (160)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
- Report: Yankees have agreed to a three-year deal with Carlos Beltran (121)
- Brett Gardner is drawing “significant” trade interest (108)