In a stunning financial transaction, an investment group led by Earvin Johnson and Stan Kasten, funded by Guggenheim Partners, have agreed to buy the Los Angeles Dodgers and Dodger Stadium for $2 billion. The deal was finalized just hours after Major League Baseball owners approved three potential buyers of the team and the storied ballpark. […]
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Dodgers sale enters final stretch
Major League Baseball owners approved three groups bidding for the Los Angeles Dodgers and Dodger Stadium, with owner Frank McCourt hoping for a billion-plus sale price. It’s been a couple of busy months for McCourt’s legal team, as he works to sell the Dodger assets before the end of the month. During the process several […]
Seven groups still in running for Dodgers
Seven groups remain in the running to land the Los Angeles Dodgers and Dodger Stadium, as two groups were eliminated from the proceedings. The Los Angeles Times has a summary of the groups remaining: Of the nine parties still in contention last week, the two eliminated Monday were Michael Heisley, owner of the NBA’s Memphis […]