Tag Archives: Frank McCourt

Magic Johnson’s group won the Dodgers by basically making it rain cash on Frank McCourt

MagicJohnsonSup

Matthew Futterman (tee hee) of the Wall Street Journal has details on Magic Johnson‘s group’s winning bid on the Los Angeles Dodgers. With a bid of $2.15 billion, including the surrounding land, Mr. Johnson, controlling partner Mark Walter and partners Peter Guber, Stan Kasten, Bobby Patton and Todd Boehly beat out a group of some of the wealthiest businessmen in ... Read More »

Magic Johnson’s group wins the Los Angeles Dodgers ownership auction for $2 billion

MagicJohnsonOwner

Ken Gurnick of MLB.com says so. The Dodgers have reached an agreement to be sold to Magic Johnson’s bidding group, according to a baseball source. See http://dodgers.com. Dennis Berman of the Wall Street Journal says it’s for $2 billion. Breaking from WSJ: Magic Johnson-led group buys LA Dodgers for $2 billion, shattering all previous prices paid for sports franchises. The ... Read More »

Dodgers ownership candidates down to 3 + MLB, Fox Sports, Jamie McCourt object

MagicJohnsonOwner

The amount of bidders in the Los Angeles Dodgers ownership saga was recently cut to three, setting up a showdown that is set to be resolved on April 1st. The three finalists: a group led by hedge-fund billionaire Steven Cohen and Los Angeles billionaire and philanthropist Patrick Soon-Shiong; a group led by Magic Johnson and veteran baseball executive Stan Kasten; ... Read More »

Los Angeles Dodgers ownership bidders want the parking lots, according to Forbes

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Mike Ozanian of Forbes brings the potentially awesome news that the Los Angeles Dodgers ownership bidders want the parking lots as part of the deal. The five remaining groups bidding for Major League Baseball’s Los Angeles Dodgers want the roughly 130 acres of land Dodger Stadium’s parking lots sit on to be included with their current offers for the team. ... Read More »

Leo Hindery out of Los Angeles Dodgers ownership bidding process, according to Forbes

LeoHinderyOut

After yesterday’s news that Alan Casden was out of the ownership bidding war, Mike Ozanian of Forbes revealed that Leo Hindery was eliminated as well. A person familiar with the meetings held today between the seven groups remaining in the bidding for Frank McCourt’s Dodgers and Major League Baseball said the league’s owners were impressed with offers from the following ... Read More »

Alan Casden is out, but Steven Cohen, Stan Kroenke, and Magic Johnson lead the way

StevenCohenDrEvil

Alan Casden will not be the next owner of the Los Angeles Dodgers, as he had his ownership bid rejected by Major League Baseball. Casden, a Beverly Hills real estate developer, was not invited to Monday’s meetings between Dodgers bidders and two committees of major league owners. The six bidding groups at the meetings: hedge-fund billionaire Steven Cohen and longtime ... Read More »

Los Angeles Dodgers Ownership Bidding Down To 7 + Frank McCourt’s Parking Lots

MagicJohnsonOwner

Bill Shaikin of the Los Angeles Times reported earlier today that the Los Angeles Dodgers ownership sweepstakes is down to seven contestants. I would have wrote about this earlier but napping was of greater importance. Of the nine parties still in contention last week, the two eliminated Monday were Michael Heisley, owner of the NBA’s Memphis Grizzlies; and Tony Ressler, ... Read More »

Joe Torre & Rick Caruso withdraw bid due to Frank McCourt & parking lots, reason to panic?

FrankMcCourtCourt

Bill Shaikin of the Los Angeles Times reports that the joint bid of Joe Torre and Rick Caruso has withdrawn from the Los Angeles Dodgers ownership sweepstakes. Los Angeles developer Rick Caruso and former Dodgers manager Joe Torre have withdrawn a joint bid to buy the Dodgers. Which is fine, as I didn’t want Torre involved as owner to begin ... Read More »

Ned Colletti doesn’t deserve a pass for the sins of Frank McCourt

NedCollettiDealWithIt

A common excuse for Ned Colletti defenders (here, in the comments) is to blame his recent lack of success on the current financial situation of the Los Angeles Dodgers brought upon by the nightmare ownership of Frank McCourt. Generally speaking though, the lack of money hasn’t been the problem. Hell, it’s almost the opposite, as Colletti’s worst years as a ... Read More »

Bankruptcy Court Reveals Extent Of Dodgers Debt + How Frank McCourt Still Plans To Profit

FrankMcCourtLobby

Ken Gurnick of MLB.com reports that the Dodgers filed a reorganization plan in bankruptcy court that shows the club near $600 million in debt. The Dodgers filed their reorganization plan with a federal bankruptcy court in Delaware on Friday, which will bring the club out of Chapter 11 protection through a sale of the team by April 30. … The ... Read More »

Los Angeles Dodgers Not Getting Prince Fielder & Frank McCourt Still An Asshole

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While there’s nothing wrong with pipe dreams, and the speculation about the Los Angeles Dodgers and Prince Fielder was inevitable given the team’s needs and his need for a team, it was never all that realistic. As such, Buster Olney‘s suggestion was understandable, but Bill Shaikin‘s rebuttal was reasonable, as Mike Petriello pointed out. As you can imagine, I tend ... Read More »

Joe Torre & Developer Rick Caruso To Bid On Los Angeles Dodgers

JoeTorreScary

Joe Torre, former manager of the Los Angeles Dodgers and New York Yankees, resigned as executive vice president for baseball operations of Major League Baseball in order to submit a bid on the Dodgers with Los Angeles based developer Rick Caruso. Torre will join prominent Los Angeles shopping center developer Rick Caruso, the president and CEO of Caruso Affiliated. A ... Read More »

Around The Web: Steven Cohen, International Spending, And A New Dodgers Blog

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Los Angeles Times: Steven Cohen is quickly becoming a player in the Dodgers ownership sweepstakes. Steven Cohen, a billionaire eight times over, is bidding for the Dodgers in a process tilted toward the high bidder. Money? Awesome. Wait… Two former SAC fund managers have pleaded guilty to insider trading as part of a wide-ranging federal investigation in which the company’s ... Read More »

Around The Web: Spring Training Invites, Mattingly’s Managing, And McCourt Staying

WrongWallStreet

MLB: List of players who will attend Spring Training with the Dodgers. — Beyond The Box Score: Don Mattingly is indeed quite the traditional manager. — MSTI: Mike Petriello addresses the elephant in the room: Frank McCourt remaining as owner. Los Angeles Times: Bill Shaikin explains why that wouldn’t be in Frank McCourt’s best interest. However, who knows with him. Read More »