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Three bidders left standing for Dodgers

Mar 23, 2012, 7:33 PM EDT


We’re getting close to the end here, folks.

Bill Shaikin of the Los Angeles Times passes along word that the field of bidders for the Dodgers was narrowed down to three earlier today. They are:

  • The group led by hedge-fund billionaire Steven Cohen and philanthropist Patrick Soon-Shiong;
  • The group led by Magic Johnson and veteran MLB and NBA executive Stan Kasten; and
  • The group led by St. Louis Rams owner Stan Kroenke.

The group led by Memphis Grizzlies owner Michael Heisley and Tony Ressler, a minority investor with the Brewers, was eliminated. So was a bid by Stanley Gold and the family of the late Roy Disney.

We could have a resolution here pretty quickly, as MLB owners are expected to vote on the three remaining bidders early next week. Outgoing owner Frank McCourt has agreed to identify the winning bidder by April 1. Overall bids are reportedly in the range of $1.3-1.6 billion, which would establish a new record sale price for an American sports franchise.

  1. mybrunoblog - Mar 23, 2012 at 8:23 PM

    Fred Wilpon to his good friend bud selling “way to go bud, get guys like frank McCourt out of MLB!”

  2. goforthanddie - Mar 23, 2012 at 8:33 PM

    For that price, the parking etc. better be included. McCourt needs to be removed from the situation completely.

  3. lostsok - Mar 23, 2012 at 8:55 PM

    As a Dodger fan, hoping for Magic…in every sense of the word.

  4. cup0pizza - Mar 23, 2012 at 9:56 PM

    Hopefully not Cohen. It seems like this whole nightmare will never end.

    • Kevin S. - Mar 24, 2012 at 12:05 PM

      Strongest endorsement I’ve heard for Cohen yet.

  5. addict2sport - Mar 24, 2012 at 8:16 AM

    McCourt is keeping ownership of the parking lot though right? That should be a deal breaker.

    • paperlions - Mar 24, 2012 at 8:35 AM

      No, he’s not. Once of the entities included in the bankruptcy filing includes the parking lots. Without them and the attached property, the Dodgers/stadium would get even 40% of the rumored bid amount.

      • Kevin S. - Mar 24, 2012 at 10:10 AM

        I don’t think the lots were included. There was a brouhaha last month about a couple groups dropping out because they couldn’t get the lots.

      • paperlions - Mar 24, 2012 at 12:56 PM

        It is kind of complicated. The prospective buyers were told that they could include the parking lots in their bids, which they are doing. So even if the lots aren’t technically in bankruptcy, the groups bidding on the dodgers can still include them as part of the package they are bidding on….without the lots, the bids would be a lot lower.

      • Kevin S. - Mar 24, 2012 at 2:40 PM

        Well, of course they can include them in their bids… but my understanding was that they weren’t. It’s possible that what I read was incorrect, though. Have any linkage about the lots being in?

  6. 4d3fect - Mar 24, 2012 at 8:27 AM

    AFAIK Selig let McParkinglot keep the lots broken out separately.

    To mix metaphors here: by design (difficult for me to use that word in business-of-baseball context) the McCancer has not been completely cut out of the body and will likely metastasize and kill the patient–not before a lot of expensive operations, e.g., multiple complete walletectomies, &c.

  7. Utley's Hair - Mar 24, 2012 at 10:37 AM

    Ya gotta love people whose job is “philanthropist.” Does that pay well? How can I get in on that?

    • jwbiii - Mar 24, 2012 at 8:42 PM

      1. Invent a few drugs.
      2. Start a pharmaceutical company.
      3. Sell it for a few billion dollars.
      4. Repeat steps 1 through 3.
      At this point, you will have quite a few billions, and you can spend your time giving your money away and trying to buy baseball teams and such. I would imagine it pays very well.

  8. yahmule - Mar 24, 2012 at 10:53 AM

    Of course Bud Selig will do anything in his power to keep helping out his white collar criminal croney. Anybody who doesn’t realize that hasn’t been paying attention.

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