Blog Entry

Dodgers narrow bidding list; Cuban out

Posted on: January 28, 2012 11:13 am
Edited on: January 28, 2012 1:07 pm
 
By Matt Snyder

The field of potential next Dodgers owners has been narrowed, and the list no longer includes Mark Cuban, reports Bill Shaikin of the Los Angeles Times. The Associated Press reports Cuban refused to say whether he was in or out while at his Mavericks' game Friday night. UPDATE: Shaikin has now tweeted that the Garvey-Hershiser group is also out of the bidding.
Dodgers in transition

Shaikin also has reported that "at least eight bidders have advanced in the bidding and are being called finalists (latimes.com), including the groups led by former Lakers superstar Magic Johnson, real estate developer Rick Caruso (his group includes Joe Torre) and hedge fund manager Steven Cohen.

The initial bids -- from more than 12 groups -- were submitted Monday to the financial firm handling the sale by current owner Frank McCourt.

"Each of the preliminary bids has been reviewed carefully by the Dodgers and its financial adviser Blackstone. Blackstone is notifying all of the bidders as to which ones will and which ones will not advance in the sales process," the Dodgers said in a statement.

"The preliminary round of bidding has underscored the robust nature of the sales process, the significant purchase opportunity which the Dodgers represent, and the enormous value that the sale of the Dodgers, including their media assets, will generate."

McCourt put the team in bankruptcy last year and reached an agreement with Major League Baseball to sell the team by April 30, the deadline for him to make a $131 million divorce payment to former wife Jamie McCourt.

CBSSports.com insider Jon Heyman reports that he's heard at least one bid is in the $1.5 billion range, so McCourt could end up approaching a sale price of $2 billion before it's all said and done.

Major League Baseball has agreed to approve up to 10 bidders while McCourt has agreed to reveal the winning bidder by April 1.

For more baseball news, rumors and analysis, follow @EyeOnBaseball on Twitter, subscribe to the RSS feed and "like" us on Facebook.
Comments

Since: Dec 30, 2006
Posted on: January 29, 2012 7:59 pm
 

Dodgers narrow bidding list; Cuban out

You hit the nail on the head with McCourt. His grand plan was a public built stadium near the Staples Center. He wanted to sell off Dodger Town (he did) and next he wanted to build homes/condos on the Dodger Stadium hill. If I am correct he still owns his parking lot on the Boston Harbor which is the most valuable open land in the city. When this is all said and done this guy is going to make a huge profit and laugh all the way to the bank. I also don't think anyone needs to worry about Magic as a businessman, he is worth over 800 million dollars.



Since: Aug 4, 2008
Posted on: January 29, 2012 7:07 pm
 

Dodgers narrow bidding list; Cuban out

I am glad to see that Peter O’Malley and Magic Johnson and his group are still in the bidding. I would like to see either of these two groups get the franchise.

Peter O’Malley owed the team before, so we all know he has much baseball knowledge.

I think Magic and his group might make a good match as one of those in the owner group has many years of experience as a baseball executive. Not only that Magic was a minority owner of the Los Angeles Lakers and was with Jerry Buss constantly. I would hope some of the good traits and qualities of team ownership that Jerry Buss had would have rubbed off on the Magic man  

I am surprise abut all the conspiracy theories about MLB commissioner. I thought with all the transparency going on today that it would be hard to hand pick a person to own a team or select the buyer. It appears to me as if all concerned would be up in arms about why they were deleted from bidding and would sue those the denied them and would have to show reason why the were denied.

I was leery of  McCourt from the very beginning being that he was a real estate investor. Then the immediate hires he made were suspect.

I don’t think you have to know too much about the sporting team you would purchase as long as you hire the correct people to run your baseball business for you.

The only constant on the Dodgers has been Vin Scully and Tommy Lasorda.

I am glad that Cuban did not get the team. I don’t dislike the man, I just don’t want another out of town owner for the Dodgers. We saw how this has worked for the last 15 years or so.  


“ONE MAN’S OPINION”





Since: Jan 22, 2012
Posted on: January 29, 2012 6:33 pm
 

Dodgers narrow bidding list; Cuban out

Cuban out of the running and the living legend Magic is still in, maybe that aint chump change Magics working with after all.



Since: Jan 22, 2012
Posted on: January 29, 2012 6:26 pm
 

Dodgers narrow bidding list; Cuban out

STFW, he already owns a team. Lets move on.



Since: Jul 2, 2007
Posted on: January 29, 2012 4:38 pm
 

Dodgers narrow bidding list; Cuban out

Hey bud, Cuban is out of the bidding because the Dodgers are not worth 1 billion (you're right that is with a B), just 1 though. His Mavs are worth 400 million and are fresh off an NBA championship. The Dodgers are a joke and a bad investment for 2 billion. Magic is said to be still in the running, his net worth is chump change compared to Cuban. 



Since: Jan 29, 2012
Posted on: January 29, 2012 11:10 am
 

Dodgers narrow bidding list; Cuban out

I have seen a couple people here talk about Gene Autry and his knowledge of baseball. Do your homework he was one of the most knowledgeable baseball owners ever. Walter O'Malley was a businessman who relied on Branch Rickey and Al Campanis to run his team while he made his money. Steinbrenner was a joke until he came back from his suspension and realized he was better off letting his baseball people run things. If you want to talk about clueless owners go with Marge Scott, Ruppert Murdoch, Disney, and Peter Angelos  to name a few recent owners.



Since: Nov 20, 2008
Posted on: January 29, 2012 7:50 am
 

Dodgers narrow bidding list; Cuban out

Cuban was only bidding to see his name in the papers / blogs and get some pub . He doesn't have the almost 2 bil (yes that's a B) it is gonna take when it's all said and done to take over the Dodgers with fee's, lawyers, taxes etc.Remember when he wa going to break the UFC with his new and improved MMM company or revolutionize the movie making industry. Owning a NBA team with 12 players ,a few coaches and scouts,and no minor leagues is chump change compared to the Dodgers.When a parking lot attendant like McCourt sees through you it's time to step aside and let the big dogs eat. The little boy with the bad haircut screamed loud enough to get some attention but as usual was told to hush by the adults. 




Since: Dec 30, 2006
Posted on: January 28, 2012 7:32 pm
 

Dodgers narrow bidding list; Cuban out

Fortyacres, the only reason opposing players get pissed at Cuban is because they are jealous and want to play for him. Why is Dallas always mentioned by players as a place they want to play. The only player that ever complained about him openly is Dennis Rodman but he has so much credibility we have to take him serious. The fans in Dallas loved him before the title. The only people with any brains he made angry was Stern. Yes ask Sacramento fans how they feel about the Maloofs, you won't get the answer you are expecting. I guess trying to move the team a few times tends to tick off your fan base. Gene Autrey? The man is to the Angels is what Harry Carey was to the Cubs, the fans loved the guy. Remember when the Angels won the World Series? They didn't give a crap about Disney they were honoring Autry. Disney knew this too that is why his widow was seen so much during the world series in the Disney box and got her own car in the vicyory parade. Not bad for the widow of a man who was not a baseball man. Oh by the way he owned radio stations that carried baseball games and was part owner of the Hollywood Stars. He went to the baseball meetings in 1960 to try to get rights to broadcast the so Cal team, the baseball people were so impressed by him they offered him the franchise rights. Yep fortyacres I hate it when they let the people that know nothing about baseball buy teams.



Since: Sep 21, 2011
Posted on: January 28, 2012 7:23 pm
 

Dodgers narrow bidding list; Cuban out

The bottom line is that Selig and MLB do not want Cuban to own an MLB team. Steinbrenner would have not been allowed to buy an MLB team in this environment. They do not want a Steinbrenneresque owner to come in and possibly spend money. The only owner that came in and spent money in the last 15 years was Arte Moreno.



Since: Jan 15, 2007
Posted on: January 28, 2012 7:17 pm
 

Dodgers narrow bidding list; Cuban out

At least now there may be hope that Padres owner Jeff Moorad will sell to Mark Cuban at some point!


Moorad has done nothing since buying from Moores last year!  Sell the team to someone who will actually spend a few dollars!


Why do these cheap owners even buy a team? Don't you want to win????

The idea is to get to the playoffs and maybe win a World Series!


They should get rid of Pirates, Padres, and  A's!    Or at least make the owners spend the luxury tax that they get every year!      
;


The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com