From that article, he appears to fit the mold of what we’d want. I know nothing about these people bidding though and their qualifications. At least this guy sounds like he’s doing his due diligence and isn’t afraid to spend money.
Merry Christmas everyone!
I for one would become an Angel fan if the piece of slime that is Stevie Cohen becomes Dodger owner. The SEC investigations of his firm and its subsidiaries are just the tip of the iceberg. Cohen was at the forefront of heavy pressure on the FDA in 2007 (after the advisory committee of experts voted 13-4 to recommend approval) to get the agency to reject approval of a potentially life-saving drug because his hedge fund’s short position was in the tens of millions of dollars. This effort led to the FDA rejecting a drug in a terminal indication for the first time in its history after an advisory panel had recommended approval (60 out of 60 became 60 out of 61). The drug was approved three years later after yet another Phase 3 trial showed a significant survival benefit, but thousands died between 2007 and 2010 who otherwise would have survived if the drug had been approved. Fortunately for Stevie, his fund was saved from huge losses when the FDA rejected the drug in 2007, so he covered his short in the single digits and went long on the stock, and then made huge money in 2009 when the trial results were reported, and again when the stock was approved a year later and went above $50 per share.
If this piece of slime buys the Dodgers, I will become an Angel fan. He is one of the worst people on the planet.
“Fox Sports won its ruling in its bankruptcy case, and that now puts the sale of the Los Angeles Dodgers in jeopardy.”
Wasn’t McCourt’s deal that he would sell the team if he was able to shop the TV rights? Even if he does still sell the team, it sounds like this could prolong the agony well into the season. Can’t we just be rid of this guy? Ugh.
Chad Moriyama Dodgers, Sabermetrics, Scouting
Merry Christmas!
So what do you all think of this news?
http://www.latimes.com/sports/la-sp-1228-dodgers-steve-cohen-20111228,0,6862832.story
From that article, he appears to fit the mold of what we’d want. I know nothing about these people bidding though and their qualifications. At least this guy sounds like he’s doing his due diligence and isn’t afraid to spend money.
Was thinking of doing an article on it, but it’s not that important unless something actually happens.
Merry Christmas everyone!
I for one would become an Angel fan if the piece of slime that is Stevie Cohen becomes Dodger owner. The SEC investigations of his firm and its subsidiaries are just the tip of the iceberg. Cohen was at the forefront of heavy pressure on the FDA in 2007 (after the advisory committee of experts voted 13-4 to recommend approval) to get the agency to reject approval of a potentially life-saving drug because his hedge fund’s short position was in the tens of millions of dollars. This effort led to the FDA rejecting a drug in a terminal indication for the first time in its history after an advisory panel had recommended approval (60 out of 60 became 60 out of 61). The drug was approved three years later after yet another Phase 3 trial showed a significant survival benefit, but thousands died between 2007 and 2010 who otherwise would have survived if the drug had been approved. Fortunately for Stevie, his fund was saved from huge losses when the FDA rejected the drug in 2007, so he covered his short in the single digits and went long on the stock, and then made huge money in 2009 when the trial results were reported, and again when the stock was approved a year later and went above $50 per share.
If this piece of slime buys the Dodgers, I will become an Angel fan. He is one of the worst people on the planet.
Wow, I did not know all of that. Thanks for the info!
These articles bring up a concern I had with the recent Fox ruling…
http://www.opposingviews.com/i/sports/bob-mets-financial-situation-unveiled
http://sports.yahoo.com/mlb/news;_ylt=AlwNdOAp6DwyIGBjF_lidTkRvLYF?slug=ap-dodgersbankruptcy
“Fox Sports won its ruling in its bankruptcy case, and that now puts the sale of the Los Angeles Dodgers in jeopardy.”
Wasn’t McCourt’s deal that he would sell the team if he was able to shop the TV rights? Even if he does still sell the team, it sounds like this could prolong the agony well into the season. Can’t we just be rid of this guy? Ugh.
Always assumed that was a possibility.