[la24philly]

10 groups have submitted a bid to purchase the LA DODGERS and DODGER STADIUM

http://mlb.mlb.com/news/article.jsp?ymd=20120125&content_id=26461522&vkey=news_mlb&c_id=mlb

The process of selling the Dodgers and Dodger Stadium has begun.

Initial bids were due Monday and the sale is expected to be completed by April 30. The Los Angeles Times, citing a source, said more than 10 groups submitted bids.

Among the announced and rumored bidders for the club are: broadcasters FOX, Time Warner and Comcast; former owner Peter O'Malley; Shamrock Holdings president Stanley Gold; former manager Joe Torre, developer Rick Caruso and Byron Trott of BDT Capital; Mark Walter from Guggenheim Partners with Magic Johnson and Stan Kasten; Dennis Gilbert and Imperial Capital; Steven Cohen from SAC Capital Advisors with agent Arn Tellem; Dallas Mavericks owner and investor Mark Cuban; Paychex founder Tom Golisano; Ares Capital co-founder Tony Ressler; Tom Barrack of real-estate developer Colony Capital and real-estate investor Alan Casden; Natural Balance Pet Food president Jerry Herrick with Steve Garvey and Orel Hershiser; former club executive Fred Claire with Bay Area consultant Andy Dolich.

 

[la24philly]

Im suprised comcast would make a bid, they dont have cable in LA, its all TW.

 

[Drucifer]

. . . .
Speculation has the auction bringing an MLB-record sale price of $1.5 billion or more, . . . .

Weird recession we are in.

 

[lwilli201]

Who will make the final decision on the new owner, the bankruptcy court or the MLB owners? The highest bidder has not always won ownership of MLB teams. The owners have been known to pick and choose the owners to fit in to this exclusive club. The large number of bidders may indicate that the court may decide. You know that the owners will probably not pick Mark Cuban no matter what his bid. He does not fit into their club. (No Mavericks allowed) :lol: They have their hands full with Jerry Jones.

 

[la24philly]

im suprised joe torre, is a possible partner

 

[fluffybear]

Who will make the final decision on the new owner, the bankruptcy court or the MLB owners?

I believe the court appointed trustee will make the decision as to which offer to conditionally accept but ultimate final approval will belong to the MLB owners.