Bill Shaikin of the Los Angeles Times reports that the Stanley Gold/Disney Family ownership group is out of the Los Angeles Dodgers bidding process, reducing the remaining bidders to four.
Major League Baseball is expected to reject two bid groups — one led by Shamrock Holdings chief Stanley Gold and the family of the late Roy Disney, the other led by former YES Network chief Leo Hindery and Colony Capital chairman Tom Barrack — before submitting the four remaining bidders to a vote of all 30 owners next week. The plans were confirmed by two people familiar with the sale process but not authorized to discuss it.
It is uncertain whether the Gold/Disney or Barrack/Hindery groups would consider appealing to the court-appointed mediator. Alan Casden, the Beverly Hills developer eliminated Monday, issued a statement Tuesday in which he said he was “disappointed” in the decision. Two people familiar with the sales process said Casden appealed but was not successful.
Closer and closer to the three group showdown.