Feb 21, 2012, 10:10 PM EDT
Bill Shaikin of the Los Angeles Times reports that Peter O’Malley has withdrawn his bid to reacquire the Dodgers. O’Malley, whose family owned the franchise for 47 years until selling to NewsCorp in 1998, was partially backed by South Korean conglomerate E-Land.
O’Malley was one of 11 bidders who made it through the first round of the process, but Shaikin hears that O’Malley was concerned he might not win the bidding even if he made the highest offer. This could have something to do with O’Malley previously slamming outgoing owner Frank McCourt in the press.
The 10 groups remaining in the bidding are expected to submit new offers this week. McCourt faces an April 30 deadline to sell the team and has agreed to identify a specific buyer by April 1. The sale is expected to fetch an MLB record price tag in excess of $1 billion.
- Phillies acquire No. 1 international signing slot for 2015-2016 from the Diamondbacks 0
- Orioles activate Jonathan Schoop after 10-week absence 5
- Settling the Score: Saturday’s results 19
- Video: Kris Bryant hits a grand slam as part of a two-homer, six-RBI night 8
- Stephen Strasburg exits start with tightness in left side 10
- In the wake of the Miguel Cabrera injury the Tigers have few good options 19
- Mets general manager Sandy Alderson says Terry Collins’ job is safe 11
- Calf injury sends Miguel Cabrera to the disabled list for the first time in his career 7
- Settling the Scores: Sunday’s results (99)
- Mike Scioscia says Josh Hamilton should apologize to Angels owner Arte Moreno (90)
- What Yasiel Puig being a pain in the butt means. And what it doesn’t mean. (78)
- Report: Jerry Dipoto “definitely out” as Angels GM (77)
- Brian Dozier is the best second baseman in baseball (72)