Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo
You are here > Home > Baseball Newsstand > Baseball Primer Newsblog > Discussion
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand

Sunday, March 18, 2012

Forbes: Cohen Forcing Bidders For Dodgers To Raise Cash

The hedge fund titan’s $900 million of equity in his $1.4 billion offer for the MLB team has forced two of the other groups bidding for the Dodgers to make a dash for cash. After Stanley Gold’s group was rejected because baseball owners did not like the structure of his offer (read not enough cash), Reuters reported that film producer and Golden State Warriors owner Peter Guber has joined that group led by former Los Angeles Lakers great Magic Johnson as an equity investor. An MLB executive said Guber’s investment is replacing institutional investors whose ability to come up with enough cash was suspect.

Then the Los Angeles Times reported that another bidder for the Dodgers, Michael Heisley, is considering selling the Memphis Grizzlies to Oracle boss Larry Ellison to raise cash. Ironically, Ellison tried to buy the Warriors but lost out to Guber’s group for the NBA team.

Tripon Posted: March 18, 2012 at 04:26 PM | 7 comment(s) Login to Bookmark
  Tags: business, dodgers, rumors

Reader Comments and Retorts

Go to end of page

Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. Joe Kehoskie Posted: March 18, 2012 at 08:33 PM (#4083839)
The L.A. Times is reporting that L.A.'s richest man, Patrick Soon-Shiong, has joined Steve Cohen's group. He had been widely expected to join the Magic/Kasten group.
   2. The Piehole of David Wells Posted: March 18, 2012 at 09:04 PM (#4083863)
It's kind of funny how many people are willing to come forward with 1.5 billion dollar offers for the Dodgers, but no one is stepping forward with $20 million for the Mets.
   3. JJ1986 Posted: March 18, 2012 at 09:08 PM (#4083870)
It's kind of funny how many people are willing to come forward with 1.5 billion dollar offers for the Dodgers, but no one is stepping forward with $20 million for the Mets.


Hey, they sold one. Though I doubt Cohen wants it anymore.
   4. valuearbitrageur Posted: March 19, 2012 at 01:36 AM (#4084017)
It's kind of funny how many people are willing to come forward with 1.5 billion dollar offers for the Dodgers, but no one is stepping forward with $20 million for the Mets.


$1.48B so you don't have to be a jr. partner to the Wilpons?

It's worth it...
   5. Joe Kehoskie Posted: March 19, 2012 at 01:46 AM (#4084023)
Is there even a rumor of anyone with anywhere close to the net worth of Steve Cohen waiting in the wings to buy the Mets? I know the Wilpons are on record as intending to own the Mets for years to come, but this seems like a high-stakes poker game they could lose in more ways than one. They could be forced to sell, and have their best suitor no longer in the bidding because he bought the Dodgers (perhaps only weeks earlier).
   6. Tripon Posted: March 19, 2012 at 01:53 AM (#4084026)
The other fallout on this is that if Ellison buys the Grizzlies, he's going to try to move it to San Jose.
   7. Joe Kehoskie Posted: March 19, 2012 at 02:10 AM (#4084028)
... Or, Ellison could buy the Grizzlies and move them to Anaheim, which is another rumor flying around online.

(... and/or, if Stan Kroenke wins, he could move the Rams back to L.A.)

You must be Registered and Logged In to post comments.

 

 

<< Back to main

BBTF Partner

Support BBTF

donate

Thanks to
robneyer
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogTheo Epstein Agrees To 5-Year Extension With Cubs
(4 - 4:35pm, Sep 28)
Last: Dag Nabbit at ExactlyAsOld.com

NewsblogTebow homers on first instructional league pitch
(16 - 4:34pm, Sep 28)
Last: Davo's Favorite Tacos Are Moose Tacos

NewsblogOTP 2016 Sep 26: A single for Donald Trump - He doesn’t have to hit a home run to send Hillary to the showers
(1117 - 4:34pm, Sep 28)
Last: Gonfalon Bubble

NewsblogWhite Sox will retain Robin Ventura if he wants to return: report - Chicago Tribune
(11 - 4:30pm, Sep 28)
Last: Moses Taylor World Tour: Hong Kong

NewsblogOT: August 2016 Soccer Thread
(620 - 4:22pm, Sep 28)
Last: Jose Remains The Most Absurd Thing on the Site

NewsblogPrimer Dugout (and link of the day) 9-28-2016
(16 - 4:17pm, Sep 28)
Last: SoSHially Unacceptable

NewsblogCardinals GM John Mozeliak refects on 2016 | MLB.com
(3 - 4:17pm, Sep 28)
Last: Tom Nawrocki

NewsblogMariners catcher Steve Clevenger tweets protesters should be treated 'like animals'
(718 - 4:17pm, Sep 28)
Last: Bitter Mouse, Space Tyrant

NewsblogIsrael Defeats Great Britain to Advance to WBC
(10 - 4:08pm, Sep 28)
Last: Jarrod HypnerotomachiaPoliphili (TeddyF.Ballgame)

NewsblogOT: NBA 2016-17 Preseason Thread
(25 - 4:06pm, Sep 28)
Last: Edmundo got dem ol' Kozma blues again mama

NewsblogWhy some agents have serious concerns about MLB's next CBA | FOX Sports
(24 - 4:04pm, Sep 28)
Last: snapper (history's 42nd greatest monster)

NewsblogOMNICHATTER 9-28-16
(11 - 3:46pm, Sep 28)
Last: Bote Man makes baseball fun again

NewsblogTigers rely on young pitchers in next 4 games | MLB.com
(6 - 3:40pm, Sep 28)
Last: TDF, situational idiot

NewsblogMarlins sign Martin Prado to 3-year, $40 million extension
(12 - 3:06pm, Sep 28)
Last: Rickey! Filipino Diving Team

NewsblogPete Rose petitions Hall of Fame for inclusion on ballots in lengthy letter
(24 - 2:44pm, Sep 28)
Last: Ron J

Page rendered in 0.2331 seconds
47 querie(s) executed