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: Aug 21, 2006
Posted on: January 28, 2012 1:08 pm
 

Dodgers narrow bidding list; Cuban out

I'm curious if you realize that this was a decision by McCourt and the Blackstone group and not by Selig and Major League Baseball.



Since: Oct 3, 2006
Posted on: January 28, 2012 12:34 pm
 

Dodgers narrow bidding list; Cuban out

will anyone be suprise if joe torre and his group buy the owners ??? didnt think so

you know thats where its headed..




will anyone be suprise if joe torre and his group buy the dodgers ??? didnt think so

you know thats where its headed..



Since: Oct 3, 2006
Posted on: January 28, 2012 12:32 pm
 

Dodgers narrow bidding list; Cuban out

will anyone be suprise if joe torre and his group buy the owners ???   didnt think so

you know thats where its headed..





Since: Aug 21, 2008
Posted on: January 28, 2012 12:31 pm
 

Dodgers narrow bidding list; Cuban out

leave the Cubs out of it..they are fine right now



Since: Jan 19, 2008
Posted on: January 28, 2012 11:58 am
 

Dodgers narrow bidding list; Cuban out

add to your list exibit 4, the ricketts' who now own the Cubs are idiots. Image what Cuban could have done for the Cubs and Wrigley?




Since: Jan 2, 2007
Posted on: January 28, 2012 11:51 am
 

Report: Dodgers narrow bidding list; no Cuban

Gee...why am I not surprised that Mark Cuban and his billion dollar checkbook have been pushed to the side when Major League Baseball is opening the doors to the owners' room for the Dodger sale?

Bud Selig and his inner circle of "the chosen ones" are fools.  The one thing that was suspect with Frank McCourt from the start was his financing and ability to run a professional sports franchise.  You may not like his public persona or desire to be a vocal owner, but you can't deny his dedication to winning and willingness to spend money to make a team a winner-- something Major League Baseball needs from the Dodgers.  Just as the Maverick fans what they think of Cuban.

MLB needs to stop picking owners that will kowtow to the commissioner's office.  Look where it's gotten them in the last decade or two.

Exhibit one: Frank McCourt and the Dodgers.  How'd that one turn out?  McCourt was hand-chosen by Selig.  Good job, Bud!

Exhibit two: the Wilpons and the Mets.  Close friends of Selig and probably worse off financially than the Dodgers.  Ask NYC about that management mess and they'll tell you it's time for the Wilpon family to go.

Exhibit three: Lewis Wolff and the Athletics.  Bud Selig's fraternity brother who was voted in as majority owner of the A's has been bitching from day one that his team can't survive without a new ballpark and special help from MLB. He bought the franchise knowing he was stuck at Oakland Coliseum but has campaigned before he was owner to get a new ballpark in SF Giants' territory and now Selig has publicly stated that a new ballpark for the A's is one of his top priorities.  Do you think there's any coincidence that Wolff was one of the first owners to come out publicly against McCourt last year, they were fraternity brothers at University of Wisconsin, and Selig is going to get the A's a new ballpark after accepting a contract extansion as commissioner after saying he was leaving a couple of years ago?


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