Jan 28, 2012, 12:52 PM EST
UPDATE: The Steve Garvey-Orel Hershiser group was not selected to advance in the bidding process, reports Bill Shaikin of the Los Angeles Times.
As for the actual bid amounts, well, let’s just say that Frank McCourt is going to walk away from this process filthy, stinkin’ rich. Buster Olney of ESPN.com hears that bidding on the Dodgers is now north of $1.2 billion and counting. Meanwhile, CBS Sports’ Jon Heyman reports that McCourt already has one bid in the range of $1.5 billion and speculates that the bidding may jump to $2 billion before this is all over. Either way, the final price tag is expected to blow away the previous record of $845 million when the Ricketts family bought the Cubs from the Tribune Company in 2009.
10:44 PM, Friday: Well, we can cross two big names off the list. Bill Shaikin of the Los Angeles Times has learned that the groups led by Mark Cuban and former agent Dennis Gilbert didn’t make it to the second round of the bidding process. St. Louis Rams owner Stan Kroenke is still in.
Meanwhile, Tony Jackson of ESPNLosAngeles.com hears that Peter O’Malley’s group and the group led by Stanley Gold (who runs the investment firm for the family of the late Roy Disney) have also advanced. O’Malley has reportedly discussed joining forces with Gold’s group.
9:30 PM, Friday: We learned earlier this week that the Dodgers received more than 10 opening bids in advance of Monday’s deadline from those interested in buying the team from Frank McCourt. The opening bids aren’t binding and new bidders could still emerge in the days to come, but we have some early word on who made it through to the next round.
Bill Shaikin of the Los Angeles Times reports that at least eight groups have advanced, including the Magic Johnson/Stan Kasten group, the Joe Torre/Rick Caruso group and the group headed by hedge fund manager Steven Cohen. No word on any others, but it’s safe to say most of the big names are sticking around.
The Dodgers released a statement a little while ago confirming that “the round of preliminary bidding has been completed successfully.” However, they didn’t say who advanced or provide a timeline for the next step.
The embattled McCourt faces an April 30 deadline to sell the team and has agreed to identify the winning bidder by April 1. The sale is expected to fetch an MLB record price tag in excess of $1 billion.
- Hector Olivera’s camp denies any damage to ulnar collateral ligament 3
- UPDATE: Hunter Pence out 6-8 weeks with fracture in left forearm 26
- MLBPA: leaks are from people “who want to see Josh Hamilton hurt personally and professionally” 29
- Suspending Josh Hamilton for a year would be obscene 145
- Report: MLB panel split on rehab for Josh Hamilton; one-year suspension is in play 45
- Joc Pederson goes 2-for-2 in Cactus League debut 6
- Braves scratch Mike Minor from start with more shoulder problems 6
- Daniel Murphy on Billy Bean: “I do disagree with the fact that Billy is a homosexual” 376
- Daniel Murphy on Billy Bean: “I do disagree with the fact that Billy is a homosexual” (376)
- Suspending Josh Hamilton for a year would be obscene (146)
- Curt Schilling lowers the boom on some men tweeting threats against his daughter (137)
- That facts of Josh Hamilton’s case should not be a matter of public record (94)
- Billy Bean responds to Daniel Murphy’s comments (90)