Mar 27, 2012, 7:04 PM EDT
MLB owners unananimously approved the three remaining bidders for the Dodgers on Tuesday, clearing the way for a private auction to take place next Wednesday.
Expectations are that Frank McCourt and his advisers will negotiate with the three bidders in the days leading up to the auction.
The three bidders left are Steve Cohen (whose group includes agent Arn Tellem), Stan Kroenke (who owns the St. Louis Rams and is a majority shareholder in Arsenal) and Mark Walter (whose group includes Magic Johnson and former Braves president Stan Kasten).
Each of the current bids is in the $1.4 billion to $1.6 billion range, but those amounts include the parking lots surrounding Dodger Stadium, which McCourt has said are not for sale.
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