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 (, 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. 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.

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Since: Dec 7, 2011
Posted on: January 28, 2012 6:42 pm

Dodgers narrow bidding list; Cuban out

well i guess money does not buy you everything.

Since: Oct 14, 2010
Posted on: January 28, 2012 6:22 pm

Dodgers narrow bidding list; Cuban out

Most of these guys, Cuban included, are not necessarily "baseball men."  Pro franchises are usually owned by guys interested in sports.  If the Wrigley family were truly baseball people they wouldn't have been so inept.  Was Gene Autry a baseball man because he owned the Angels?  What about Red McCombs?  Hasn't he owned the Spurs and the Vikings?  Baseball man?  Basketball man.  I think Red was a car man making his forturne in the auto industry.  It is funny that the money guys sometimes hire a sports/baseball guy to give them the image of being connected to the National Past Time.  Cuban was a little more honest and didn't pretend that he was going to be more baseball since he had Hershiser or Torre or a has been player.  No one knows whether Cuban would have succeeded with LA.  What Mavs fan know is that he is/was an annoying hands on owner who pissed off players, fans, opponents, David Stern and everyone else but was also able to use his love of sports and money and vision to build a world champion.  Ask Sacramento residents how they feel about the Maloofs, ask Kansas City fans about their baseball and football ownership, or the Timberwolve fans name it.  I don't like the Dodgers.  But I would have enjoyed the interest and color Mark Cuban would have provided.  If he could come into staid Dallas, Texas what would have happened with the Hollywood set?  It would have been glorious and he couldn't have done worse than the McCourt fiasco.

Since: Nov 16, 2011
Posted on: January 28, 2012 4:49 pm

Dodgers narrow bidding list; Cuban out

I know it is pretty tacky to repost an old comment but what I posted a few days ago seems really appropriate now.  Mark Cuban is not a baseball man and will not take orders from Bud --so here is what I posted earlier and Cuban's eval of the team:

What I find interesting is that the most media interest is in the bids of non-baseball personaliities-Magic and Cuban.  Other bids are coming from "investors" and the Disney family.  The only one missing is the ghost of Gene Autry who owned a baseball team also.

Outside of Stan Kasten who I think is still attached to the Washington franchise and Joe Torre who is on the team because he has great connections at MLB headquarters, are there any real baseball men involved?  See for example the ownership of the Texas Rangers.

I think Cuban was right when he said the team is not worth more than $1B, but the bidding is not on worth, but prestige, a recovering economy and the firm belief that there will never be an NFL team in LA to complete for the spirit of the fans.

Since: May 7, 2009
Posted on: January 28, 2012 4:48 pm

Dodgers narrow bidding list; Cuban out

single stupidest post in history.  

Since: Apr 19, 2009
Posted on: January 28, 2012 4:47 pm

Dodgers narrow bidding list; Cuban out

Cuban is out of the bidding because MLB wants him out of the bidding. A year ago if was reported that the Dodgers would sell for 800 million and maybe as much as 1 billion. Now the report is the Dodgers are going to sell for 1.5 billion. 1.5 billion dollars for the Los Angeles Dodgers. Damn...... 'ol Mcbankrupt make turn a nice profit after all. Do you think Mrs Mcbankrupt might be visiting with her attorneys to find out if there's any way she can get more than the measly 130 million she going to get?

Buffalo Bob
Since: Dec 11, 2011
Posted on: January 28, 2012 2:51 pm
This comment has been removed.

Post Deleted by Administrator

Since: Sep 19, 2011
Posted on: January 28, 2012 2:15 pm

Dodgers narrow bidding list; Cuban out

Cuban is not going to overpay for a sport that has no idea where it's going. What sport overpays it's stars like MLB does?
MLB is not the only sport that over pay their players, Kobe Bryant (NBA) make 25 million a season and Peyton Manning (NFL) make over 20 million dollars per season. So all major sports overpay their superstars, MLB do know where there going. Think about it for a second most major Sports(NFL,NBA,NHL) and college Football & Basketball play in the fall, MLB has the summer to themselves.

Since: Jan 2, 2007
Posted on: January 28, 2012 1:47 pm

Dodgers narrow bidding list; Cuban out

Don't be naive, RU.  If Major League Baseball had wanted Cuban to be considered for ownership, it would have kept him on the list.   Major League Baseball has pushed Mark Cuban and his checkbook aside at least three times now that we know of.

Round 1 -- sale of the Cubs in 2008-09.  Mark Cuban's initial bid was in the neighborhood of $1.3 billion and he was allowed to place an initial  bid.  When the process narrowed the field of owners in January of 2009, he was not invited to continue in the process.  In the end the Ricketts family bought the Cubs for $900 million.  That's a big cut of money between Cuban's bid and the winning bid.

Round 2 -- sale of the Rangers in 2009-10.  Cuban was in the final two because the bankruptcy court was involved heavily in liquidating the team and its holdings.  Cuban actually submitted the highest bid at $390 million but because he couldn't close the sale within a week of the bidding process (more debt involved than the Greenberg bid) he lost out.  MLB was pushing for as quick of a sale as possible when it didn't have to.  Ironically, the Dodger purchase by Frank McCourt was chosen over others even though it has the highest amount of debt in the final sale -- in excess of $250 million.  Cuban was trying to purchase the Rangers with less than 

Round 3 -- sale of the Dodgers 2011-12?  Cuban was in the first round of bidding but, for whatever reason, was not invited to continue with the process.  What could that reason be?  It can't be the money.  According to Forbes Magazine, the guy's worth $2.5 billion without partnering up with anybody.  He's got the werewithal to liquidate some assets, take loans against other assets, and put together enough cash to buy any pro sports club.  It can't be the lack of experience.  He's been the majority owner of the Mavericks and has run the team for the last decade.  Everybody else in the bidding has either been a minority pro team owner, or had no pro team management experience.  Hmmm... could it be Cuban is too vocal for MLB and they've asked the Blackstone Group to push Cuban and his money to the side?

At every turn possible, MLB has done things to squeeze Mark Cuban out of the process of buying a ballclub.  Even if he had won the Rangers, he still would have had to gain approval from the commissioner's office to be allowed to buy the club.  Mark Cuban will not get to own a Major League club until Bud Selig is gone.  He wants quiet owners who don't rock the boat.  He wants people with just enough money that they need the approval and support of the commissioner.  In exchange, they back Selig at every turn.

Since: May 29, 2010
Posted on: January 28, 2012 1:13 pm

Dodgers narrow bidding list; Cuban out

Cuban is not going to overpay for a sport that has no idea where it's going. What sport overpays it's stars like MLB does? It's a doomed franchise unless you get the Dodgers for the right price.

Since: Jan 15, 2007
Posted on: January 28, 2012 1:08 pm

Dodgers narrow bidding list; Cuban out

Please don't let a hedge fund manager win it. He probably deserves jailtime not a baseball team. If he wins the bid, he'll have turned your grandmother's defaulted mortgage into part of someone's overblown salary. Ahh, the magic of capitalism...

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