Showing posts with label Peter O'Malley. Show all posts
Showing posts with label Peter O'Malley. Show all posts

Sunday, January 29, 2012

Number of prospective Dodgers' owners down to eight

It isn't often that $1 billion isn't enough money, but that was exactly the case for a lot of prospective Dodger bidders on Friday.

Two of the biggest names -- Mark Cuban and Dennis Gilbert -- were informed their initial bids did not get them to the second round.

Gilbert getting ousted is not too shocking, as Frank McCourt gets to make the final decision and Gilbert is buddy-buddy with MLB Commissioner Bud Selig (not exactly McCourt's favorite person right now).

Cuban has stood firm on the amount of money he'd spend on the Dodgers -- or any baseball team, for that matter. Cuban told this to the Los Angeles Times in November:
"'I don't think the Dodgers franchise is worth twice what the Rangers are worth.'"
Besides, he's only (using this loosely) worth upward of $2.3 billion, so it would have been really surprising to see him put up more than half his net worth to buy the Dodgers. But he's a smart man and I'm sure he could have found a way to make it work.

Cuban's been weary of buying the Dodgers for too much since November, so it's not that surprising he's out after the first round.

I know when the Dodgers first went on the market, a lot of folks wanted Cuban to end up owning the team. He's proven with the Dallas Mavericks that he'll spend the money to win. But this could be a good thing for everyone involved.

The Orel Hershiser-Steve Garvey group is also out of the bidding.

The confirmed remaining bidders are:
  • Steve Cohen
  • Stanley Gold/Roy Disney
  • Leo Hindery/Marc Utay
  • Magic Johnson/Stan Kasten
  • Stan Kroenke
  • Josh Macciello
  • Peter O'Malley
  • Joe Torre/Rick Caruso
Macciello confirmed, on his Twitter account, that he's still in it -- at least, one could deduce that from this:
"love That Pearl Jam song 'I'm still alive'"
So there you have it. The Johnson-Kasten group remains my favorite and is probably the favorite overall.

Man, April 6 cannot get here soon enough.

Monday, January 23, 2012

At least 10 billionaires submit inital bids to buy the Dodgers

Bill Shaikin of the L.A. Times has the first story on at least 10 billionaires who submit opening bids to buy the Dodgers today.

The names revealed include Magic Johnson (and Stan Kasten), Mark Cuban, Joe Torre (and Rick Caruso), Steven Cohen, Peter O'Malley, Stanley Gold (and Disney) and Dennis Gilbert.

Two new bidders came to the forefront today: St. Louis Rams' owner Stan Kroenke, who is decided whether to place a bid, and New York investors Leo Hindery and Marc Utay, who attempted to buy the Chicago Cubs two years ago.

Kroenke recently purchased the Rams and there is speculation he might attempt to move the team back to Los Angeles after the 2014 season.

Update (9:11 p.m., Jan. 23): Molly Knight of ESPN the Magazine confirmed the group led by Orel Hershiser and Steve Garvey also submitted a bid today.

She also wonders about a man worth more than $7 billion -- Los Angeles' Patrick Soon-Shiong. He bought Johnson's minority stake with the Los Angeles Lakers in 2010.

Today's deadline was a soft one and, as Ramona Shelburne of ESPN LA tweeted last night, the bids can change and the bidders have no obligation to follow through on the bids.

The sale price is expected to be upward of $1.5 billion.

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Jared Massey of L.A. Dodger Report has a look at Angelo Songco, who was No. 13 on his Top 20 Dodgers' prospect list.

Mike Petriello of Mike Scioscia's Tragic Illness just wants a team to sign Prince Fielder, even if it isn't the Dodgers.

Brandon Lennox of True Blue L.A. has finished the first half of his 200-prospect countdown.