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.
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- Rays, Padres, Nationals agree to 11-player trade 80
- Sergio Romo re-signs with the Giants for $15 million 14
- So, apparently we’re sweating the Matt Kemp physical now 46
- The United States will seek to normalize relations with Cuba 143
- Marlins complete Michael Morse deal: two years, $16 million 19
- Padres, Rays, Mariners discussing trade involving Wil Myers 36
- It is perfectly clear that A-Rod is the Yankees’ DH. At best. So there will be no drama, right? 37
- Baseball’s highest-ranking Hispanic woman employee sues for discrimination (163)
- The United States will seek to normalize relations with Cuba (143)
- Cubs, Red Sox, Dodgers, Padres, Rangers, and Astros interested in Phillies’ Cole Hamels (110)
- Done Deal: Yoenis Cespedes and two players traded to Detroit for Rick Porcello and a minor leaguer (105)
- Chase Headley signs a four-year deal with the Yankees worth at least $52 million. (95)