Apr 6, 2012, 4:30 PM EST
We’re still in love-fest territory when it comes to the Magic Johnson-Guggenheim partners bid for the Dodgers. Indeed, I just got a press release from the Dodgers’ PR people, announcing the team’s imminent emergence from bankruptcy, and talking about how important that bid is for the process:
“The centerpiece of the Amended Plan is the agreement by Guggenheim Baseball L.P. to pay $2 billion to acquire the equity of the reorganized debtors. This agreement is the culmination of an auction process that was conducted over several months and reflects the highest and best bid generated by that process. The successful auction process attracted numerous prospective purchasers and numerous proposals, all of which confirmed the substantial value of the Dodgers, the media rights associated with the team, and Dodger Stadium.”
And that’s great. But as Tom Verducci reports, it’s not all rosy. MLB and some of its owners are a little wary of Magic & Friends:
Major League Baseball officials have expressed concern that Guggenheim Baseball Management, the winning bidders for the Los Angeles Dodgers, has been slow to produce the details of the bid and the structure of its management team, according to several sources familiar with the sale process.
Several individual owners have joined baseball officials in questioning why the Guggenheim group, led by Mark Walter, Stan Kasten and Magic Johnson, has not filed a more detailed Purchase and Sale Agreement more than a week after the group was selected from among three finalists by Frank McCourt, the outgoing owner who is selling the club through U.S. Bankruptcy Court.
Now, MLB is not the party approving this sale, the bankruptcy court is. So perhaps this is just grumbling. Still, worth watching before anyone starts printing up Dodgers Magic Johnson jerseys.
Well, I guess you could and just tell everyone that they’re Reed Johnson jerseys, but still.
- Phillies GM told Ryan Howard they’d be better off “not with him but without him” 77
- Trea Turner’s agent is unhappy his client is in limbo after trade to Nationals 45
- Nexen Heroes accept Jung-Ho Kang posting fee from unidentified MLB team 26
- Giants acquire Casey McGehee from the Marlins 16
- The Padres have given their fans something to talk about. Which is badly needed in San Diego. 64
- Justin Upton traded to the Padres for three prospects 79
- Bud Selig will get a $6 million a year pension. Which is obscene. 144
- Jake Peavy agrees to a two-year, $24 million deal to stay with the San Francisco Giants 26
- The United States will seek to normalize relations with Cuba (144)
- Bud Selig will get a $6 million a year pension. Which is obscene. (144)
- Cubs, Red Sox, Dodgers, Padres, Rangers, and Astros interested in Phillies’ Cole Hamels (111)
- Rays, Padres, Nationals agree to 11-player trade (97)
- Chase Headley signs a four-year deal with the Yankees worth at least $52 million. (95)