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Magic Johnson’s group among seven bidders still in running for Dodgers

Feb 27, 2012, 8:19 PM EDT


Bill Shaikin of the Los Angeles Times reports that the Magic Johnson-Stan Kasten group is among seven bidders left in the running to buy the Dodgers.

The field was whittled down to nine after the groups headlined by Peter O’Malley and Joe Torre dropped out over the past week. The groups led by Memphis Grizzlies’ owner Michael Heisley and Tony Rossler, a minority investor in the Brewers, were eliminated today.

The remaining bidders include groups led by Johnson and veteran baseball executive Stan Kasten; Connecticut investment king Steven Cohen and longtime Los Angeles agent Arn Tellem; Stanley Gold and the family of the late Roy Disney; and New York media executive Leo Hindery in partnership with Tom Barrack, chairman of Santa Monica-based Colony Capital.

St. Louis Rams owner Stan Kroenke, Beverly Hills-based real estate developer Alan Casden and Jared Kushner, owner and publisher of the New York Observer and son-in-law of Donald Trump, also remain in contention.

The seven remaining groups will now advance to a review process by MLB, which includes voting by two committees of owners. MLB is expected to inform outgoing owner Frank McCourt which bidders have advanced by mid-to-late March. McCourt will then hold one more round of bidding before identifying a winner by April 1. He is required to close the sale by April 30.

Shaikin notes that the Dodgers are expected to sell for more than $1.5 billion, which would establish a new record sale price for an American sports franchise.

  1. deathmonkey41 - Feb 27, 2012 at 8:25 PM

    I just hope Stan Kroenke cares about making the Rams a winning franchise in St. Louis.

  2. nflinla - Feb 27, 2012 at 10:13 PM

    Stan Kroenke is moving the Rams back to LA.

  3. bigsexy2288 - Feb 28, 2012 at 12:42 AM

    I hope the rams owner doesn’t get the Dodgers and no we don’t want the crappy rams back in L.A.! The left once and if they come back who’s to say they won’t leave again?

  4. koufaxmitzvah - Feb 28, 2012 at 10:41 AM

    If Kroenke is in cahoots with FMC, then the Rams will do about as bad as the Dodgers are doing right now.

    The boycott will continue if that scumbag McCourt keeps any portion of what he originally bought.

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