More than 20 bids are received for the Los Angeles Dodgers, who are being sold as a result of owner Frank McCourt’s costly divorce settlement with his wife Jamie. It’s a far cry from when McCourt was the sole bidder for the team in 2004 and underpaid through a highly-leveraged transaction: this time, the new owners will have a chance to auction the team’s broadcast rights for a huge payout. Prominent among the bidders are Mark Walter, CEO of a financial firm, who is allied with former NBA great Magic Johnson; multi-millionaire Steve Cohen, allied with former deputy Commissioner Steve Greenberg; real estate developer Rick Caruso, allied with former Dodgers manager Joe Torre; talk show host Larry King; Peter O’Malley, the team’s former owner; Allen Casden, another real estate tycoon, whose plan is to move the team to a downtown location while redeveloping the land around Dodger Stadium for housing; NBA owner Mark Cuban; and NHL owner Ron Burkle, a close friend of former President Bill Clinton.

 

On January 24 2012 — More than 20 bids are received for the Los Angeles Dodgers, who are being sold as a result of owner Frank McCourt’s costly divorce settlement with his wife Jamie. It’s a far cry from when McCourt was the sole bidder for the team in 2004 and underpaid through a highly-leveraged transaction: this time, the new owners will have a chance to auction the team’s broadcast rights for a huge payout. Prominent among the bidders are Mark Walter, CEO of a financial firm, who is allied with former NBA great Magic Johnson; multi-millionaire Steve Cohen, allied with former deputy Commissioner Steve Greenberg; real estate developer Rick Caruso, allied with former Dodgers manager Joe Torre; talk show host Larry King; Peter O’Malley, the team’s former owner; Allen Casden, another real estate tycoon, whose plan is to move the team to a downtown location while redeveloping the land around Dodger Stadium for housing; NBA owner Mark Cuban; and NHL owner Ron Burkle, a close friend of former President Bill Clinton.

 

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