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Thursday, February 09, 2012

L.A. Times: 11 bidders remain in running to buy Dodgers

The lineup of Dodgers bidders, as of Wednesday:

Magic Johnson/Stan Kasten: Could soon be joined by richest man in L.A., Dr. Patrick Soon-Shiong.

Rick Caruso/Joe Torre: Not out of the running in the Soon-Shiong sweepstakes.

Steven Cohen/Arn Tellem: Cohen about to invest $20 million in Mets, able to spend 75-100 times as much on Dodgers.

Stan Kroenke: Owner of NFL’s St. Louis Rams could move L.A.‘s football team back home.

Peter O’Malley: Former Dodgers owner backed by South Korean conglomerate E-Land.

Tony Ressler: Minority owner of Brewers has discussed partnership with O’Malley.

Leo Hindery/Tom Barrack: New York media executive has teamed with L.A. real estate investor and sportsman.

Stanley Gold/Disney family: That’s the family of the late Roy Disney, Walt’s nephew.

Jared Kushner: Publisher of New York Observer, son-in-law of Donald Trump.

Michael Heisley: Owner of NBA’s Memphis Grizzlies hired Jerry West to run his team.

Alan Casden: USC Board of Trustees includes Dodgers bidders Casden, Caruso, Gold.

Tripon Posted: February 09, 2012 at 06:53 PM | 29 comment(s) Login to Bookmark
  Tags: dodgers, rumors, special topics

Reader Comments and Retorts

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   1. The Piehole of David Wells Posted: February 09, 2012 at 07:23 PM (#4057588)
11 of you stand before me but there are only 10 glamour shots photos in my hands....

You're still in the running towards becoming the Next Dodgers Owner.
   2. RoyalsRetro (AG#1F) Posted: February 09, 2012 at 07:39 PM (#4057598)

You're still in the running towards becoming the Next Dodgers Owner.


Those of you not lucky enough to be deemed Next Dodgers Owner will not walk away empty-handed. Runners-up will receive a free minority share of the Mets, courtesy of Fred Wilpon!
   3. Something Other Posted: February 09, 2012 at 08:52 PM (#4057640)
Steven Cohen/Arn Tellem: Cohen about to invest $20 million in Mets, able to spend 75-100 times as much on Dodgers.
Even if you have two billion smackers to invest in the Dodgers, twenty million bucks is too much to spend (I'm skeptical about using the word "invest" here) on the Mets.
   4. puck Posted: February 09, 2012 at 09:07 PM (#4057644)
Stan Kroenke: Owner of NFL’s St. Louis Rams could move L.A.‘s football team back home.


That would be pretty crazy if he won the bid. The Dodgers, Arsenal, the Rams, Nuggets, Avs, Rapids (MLS), and Mammoth (Lacrosse) along with some arenas (Pepsi center, Arsenal's stuff, etc.)
   5. Howie Menckel Posted: February 09, 2012 at 09:13 PM (#4057647)

Jersey fresh:

"Leo Hindery/Tom Barrack: New York media executive has teamed with L.A. real estate investor and sportsman."

Leo is the CEO of the 2013 Weehawken Formula One Grand Prix race, the only one in the U.S. At the foot of the Hudson River, then up hills. Great scenery. Leo was also the "wartime" YES Network CEO - in 2002, Cablevision (and Jim Dolan) kept the Yankees channel off the airwaves all year.

Tom tried to revive the multi-colored, $3B Xanadu project in the Meadowlands from 2006-10. That didn't work.
   6. phredbird Posted: February 09, 2012 at 09:14 PM (#4057649)
i still say whoever wins better make sure he gets the parking lots.
   7. Joe Kehoskie Posted: February 10, 2012 at 02:56 AM (#4057795)
That would be pretty crazy if he won the bid. The Dodgers, Arsenal, the Rams, Nuggets, Avs, Rapids (MLS), and Mammoth (Lacrosse) along with some arenas (Pepsi center, Arsenal's stuff, etc.)

I'm not positive, but I believe Kroenke has to sell the Nuggets and Avs by 2014 as per an agreement with the NFL. But either way, it's already an incredible sports portfolio, even without the Dodgers.

As for Tom Barrack, Fortune has called him the "world's greatest real estate investor." (He now jokingly refers to Xanadu as "Xana-don't.")
   8. LionoftheSenate (Brewers v A's World Series) Posted: February 10, 2012 at 08:41 AM (#4057829)
It seems the Dodgers are going to be bid up to quite the price tag. Owning a sports franchise, esp NFL or MLB has been nothing but gold over the past 30-40 years, or more (large thanks to publicly funded stadiums, among other reasons). Yet, the prices prior to this sale seem to have risen steadily, not dramatically. This Dodgers sale appears to be a dramatic increase.

I think sports has about one more solid DOUBLING of revenue before we see it hit a ceiling and then growth that would be more in line of mature businesses, that tend to grow in the range of historical US GDP growth, 3-4% and blue chip stocks, 8%.

I can't possibly see how these billion dollar franchises and $10 billion dollar leagues can't come up with their own financing in the future. Obviously I'm not dumb enough to think it will stop....just that the case has to be very difficult going forward.

   9. Flynn Posted: February 10, 2012 at 09:20 AM (#4057834)
Leo is the CEO of the 2013 Weehawken Formula One Grand Prix race, the only one in the U.S.


Not quite, there will be a US GP in Austin next year, so two F1 races in the US.
   10. LionoftheSenate (Brewers v A's World Series) Posted: February 10, 2012 at 10:07 AM (#4057857)
Tom tried to revive the multi-colored, $3B Xanadu project in the Meadowlands from 2006-10. That didn't work.


I bet most American's don't have a clue what this is....Xanadu project. In case you are wonder, it is the latest project that the NY metro seems to have bungled. Not a good decade for pulling off big ideas in NY.
   11. winnipegwhip Posted: February 10, 2012 at 10:48 AM (#4057881)
And the winner is:

WENDY PRIEB!!!!!
   12. snapper (history's 42nd greatest monster) Posted: February 10, 2012 at 10:49 AM (#4057884)
I bet most American's don't have a clue what this is....Xanadu project. In case you are wonder, it is the latest project that the NY metro seems to have bungled. Not a good decade for pulling off big ideas in NY.

It was a stupid idea; massive entertainment/amusement complex in the Meadowlands. There's no mass transit access, and the traffic is terrible on the Turnpike.

NY should stop doing "big ideas". They're invariably disasters. e.g. $4B cost overrun on WTC, Fulton transit hub massive delays and cost overruns.

Maintain the existing infrastructure, and do small targeted projects (NOT run by the gov't or Port Authority).
   13. Jose Can Still Seabiscuit Posted: February 10, 2012 at 11:30 AM (#4057913)
Even if you have two billion smackers to invest in the Dodgers, twenty million bucks is too much to spend (I'm skeptical about using the word "invest" here) on the Mets.


Why do you think that? I've got to think that the Mets are undervalued at the moment. Assuming any investment is exempt from litigation re: Madoff, etc...I think this is probably as good a time as any to get in on the Mets.
   14. LionoftheSenate (Brewers v A's World Series) Posted: February 10, 2012 at 11:33 AM (#4057917)
Not only was there a cost overrun on all of these projects, they start 8 years late and never seem to pay any attention to deadlines or dates.

"New" Meadowlands stadium was the product of small vision. NYC should have a roof, esp considering the building hosts 2 NFL teams. No chance in hosting final four, the Super Bowl more than this one off, or any other big event. Dallas packs their stadium year round....NBA AS game too. "New" Yankee is an erector set of old Yankee.

Rebuilding of Penn Station has been delayed for a few decades. Which bridge will collapse first?

The NYC Olympic bid a few years back was a complete joke.
   15. Randy Jones Posted: February 10, 2012 at 11:34 AM (#4057918)
There's no mass transit access, and the traffic is terrible on the Turnpike.


There is mass transit to the Meadowlands now.
   16. zack Posted: February 10, 2012 at 11:43 AM (#4057931)


That would be pretty crazy if he won the bid. The Dodgers, Arsenal, the Rams, Nuggets, Avs, Rapids (MLS), and Mammoth (Lacrosse) along with some arenas (Pepsi center, Arsenal's stuff, etc.)


Can any Coloradans tell me what the deal with Colorado being a little sports enclave of Canada/the Northeast is? Take NCAA hockey, for example. The big powers are in Minnesota, Wisconsin, North Dakota, Massachusetts and...Colorado. Lacrosse is big in Canada, NY, Maryland and...Colorado.

   17. RoyalsRetro (AG#1F) Posted: February 10, 2012 at 12:06 PM (#4057958)
I think Coloradoans are the most active people in the country. Great climate, great scenery, makes sense I suppose.
   18. joeysdadjoe Posted: February 10, 2012 at 01:27 PM (#4058080)
My question is....does McCourts wife get a % of the sale or did she settle for a set amount? Seems like for a guy who was in trouble Frank McCourt is doing very well with this.
   19. Slivers of Maranville descends into chaos (SdeB) Posted: February 10, 2012 at 02:20 PM (#4058146)
There needs to be a mystery bidder involved. This is boring. Maybe they could get The Banker from Deal or No Deal.
   20. Tuque Posted: February 10, 2012 at 02:33 PM (#4058160)
Alan Casden: USC Board of Trustees includes Dodgers bidders Casden, Caruso, Gold.

Wait...is he saying something about how the USC Board of Trustees is attempting to buy the Dodgers, or is he just remarking that three of the bidders happen to be on the USC Board of Trustees?
   21. Jeff Frances the Mute Posted: February 10, 2012 at 02:33 PM (#4058161)
Why do you think that? I've got to think that the Mets are undervalued at the moment. Assuming any investment is exempt from litigation re: Madoff, etc...I think this is probably as good a time as any to get in on the Mets.


The Mets have a longterm sweetheart TV deal with SNY. That isn't a problem for Wilpon and Katz because they own a portion of SNY, but it doesn't help the new minority owners. For reference, the new Angels deal ($150 million per) is about 2X per year what the Mets are getting from SNY. The Angels' new deal is the floor for the Dodgers' rights and the Dodgers are likely to do significantly better ($200 million+).

That huge payday is one reason why the Dodgers bidding is going out of control.
   22. Jeff Frances the Mute Posted: February 10, 2012 at 02:38 PM (#4058171)
Wait...is he saying something about how the USC Board of Trustees is attempting to buy the Dodgers, or is he just remarking that three of the bidders happen to be on the USC Board of Trustees?


Casden, Caruso, and Gold are all part of the USC board of trustees. I believe that there are 50+ trustees including distinguished members of the community like … wait for it… Jamie McCourt!
   23. TerpNats Posted: February 10, 2012 at 02:40 PM (#4058173)
Alan Casden: USC Board of Trustees includes Dodgers bidders Casden, Caruso, Gold.

Wait...is he saying something about how the USC Board of Trustees is attempting to buy the Dodgers, or is he just remarking that three of the bidders happen to be on the USC Board of Trustees?
Yes; a successful bid means Dodger blue turns into Dodger cardinal and gold, the same two songs will be heard incessantly over the PA system and that the Dodgers will invariably suck in men's basketball.
   24. Tuque Posted: February 10, 2012 at 02:41 PM (#4058174)
Well that's bullshit. I think U of O needs to get in on this.

edit: that is, Oregon.
   25. snapper (history's 42nd greatest monster) Posted: February 10, 2012 at 03:32 PM (#4058247)
There is mass transit to the Meadowlands now.

From NYC? I'm not talking express buses, they're expensive and get stuck in traffic too.
   26. Randy Jones Posted: February 10, 2012 at 03:44 PM (#4058265)
There is an <a href="http://www.njtransit.com/sf/sf_servlet.srv?hdnPageActi>NJ Transit</a> line now.

You have to change trains in Secaucus or take the PATH to Hoboken if you are coming from Manhattan.
   27. Don Geovany Soto (chris h.) Posted: February 10, 2012 at 04:01 PM (#4058290)
I bet most American's don't have a clue what this is....Xanadu project. In case you are wonder, it is the latest project that the NY metro seems to have bungled. Not a good decade for pulling off big ideas in NY.

Imagine a project named Xanadu being a bad idea.
   28. TerpNats Posted: February 10, 2012 at 04:17 PM (#4058303)
Imagine a project named Xanadu being a bad idea.
With Olivia Newton-John and the Electric Light Orchestra, yes.
   29. Don Geovany Soto (chris h.) Posted: February 10, 2012 at 05:14 PM (#4058350)
That too.

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