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Tuesday, January 24, 2012

LATimes: Dodgers receive more than 10 opening bids for the team

The Dodgers received “more than 10” opening bids for the team by Monday’s deadline, according to a person familiar with the sale but not authorized to discuss it.

As the bankers handling the sale evaluate the bids, prospective buyers can evaluate whether to join forces. In addition, because the bankers can waive the deadline at their discretion, new bidders could emerge.

St. Louis Rams owner Stan Kroenke has explored whether to bid for the Dodgers, two people familiar with the sale process said Monday. It is uncertain whether Kroenke has submitted an offer. Rams spokesman Ted Crews did not return messages Monday night.

Outgoing owner Frank McCourt expects the Dodgers to sell for at least $1.5 billion.

Dallas Mavericks owner Mark Cuban submitted a bid by Monday’s deadline, as did East Coast hedge fund giant Steven Cohen and former Dodgers owner Peter O’Malley.

Several groups also turned in bids, including those involving Magic Johnson and longtime baseball executive Stan Kasten; Los Angeles developer Rick Caruso and former Dodgers manager Joe Torre; Los Angeles investor Stanley Gold and the family of the late Roy Disney; and former agent Dennis Gilbert and Los Angeles investors Jason Reese and Randy Wooster.

The Wall Street Journal reported that New York investors Leo Hindery and Marc Utay submitted a joint bid. Hindery and Utay tried unsuccessfully for the Chicago Cubs.

Tripon Posted: January 24, 2012 at 02:50 AM | 8 comment(s) Login to Bookmark
  Tags: business, dodgers, history, media

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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. There are no words... (Met Fan Charlie) Posted: January 24, 2012 at 04:39 PM (#4044548)
Sigh...
   2. RoyalsRetro (AG#1F) Posted: January 24, 2012 at 04:44 PM (#4044560)
Ixnay on the Utay.
   3. puck Posted: January 24, 2012 at 05:07 PM (#4044622)
The opening bids are not binding.


Whaa?
   4. Dan The Mediocre Posted: January 24, 2012 at 05:29 PM (#4044671)
St. Louis Rams owner Stan Kroenke has explored whether to bid for the Dodgers, two people familiar with the sale process said Monday. It is uncertain whether Kroenke has submitted an offer. Rams spokesman Ted Crews did not return messages Monday night.


I thought NFL owners were forbidden from owning franchises in other sports?
   5. Randy Jones Posted: January 24, 2012 at 05:36 PM (#4044682)
I thought NFL owners were forbidden from owning franchises in other sports?


Kroenke also owns Arsenal and the Glazer family owns the Buccaneers and Manchester United, so no.

Edit: According to Wiki, Kroenke also owns the Denver Nuggets, Colorado Avalanche, Colorado Rapids, and Colorado Mammoth(National Lacrosse League, yeah I've never heard of that before either).

Also, apparently Kroenke skirts the NFL's rule by having the Colorado teams in his son's name and I guess the NFL's rule doesn't apply to owning teams outside the US.
   6. RoyalsRetro (AG#1F) Posted: January 24, 2012 at 05:37 PM (#4044684)

I thought NFL owners were forbidden from owning franchises in other sports?


Kroenke is going to sell the Rams to LA owners who will relocate the team.


Kroenke also owns Arsenal and the Glazer family owns the Buccaneers and Manchester United, so no.


NFL owners are not supposed to own other American sports teams. Kroenke had to give up his majority stake in the Avalanche and Nuggets to his son to own the Rams.
   7. The DA Baracus Hypothesis Posted: January 24, 2012 at 05:38 PM (#4044687)
I thought NFL owners were forbidden from owning franchises in other sports?


It's another sport in America. He can always "sell" the Rams to a wife or kid to get around that. That's what he did to the Nuggets and Avalanche.
   8. phredbird Posted: January 24, 2012 at 05:39 PM (#4044689)
if those bids don't include buying the parking lots, then these guys are nuts. i can't believe MLB didn't find a way to pry them from frank mccourt's grubby little fingers.

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