It’s no secret that Jeffrey Loria has been working to sell the Miami Marlins, and reports today indicate that a $1.6-billion sale to a New York City real-estate investor may be in the works. (more…)
Tag Archives | sale
Time Warner mulling stake in Dodgers?
Time Warner is reportedly looking at investing in the Los Angeles Dodgers to gain a competitive advantage in landing the team’s television rights. Dow Jones is reporting that the move would be made to nullify a small advantage Fox Sports has in retaining the team’s television rights: Fox’s current deal with the team gives it […]
Moores puts San Diego Padres back on the market
Following Jeff Moorad’s failed attempt to buy the team, San Diego Padres owner John Moores has hired investment bankers to advise him on another sale of the franchise. Unless something goes dramatically wrong with the sale this time, the delay will end up paying off for Moores: the team is undoubtedly worth more after a […]
Is Bakersfield on cusp of new ballpark?
The sale of the Bakersfield Blaze (High Class A; California League) is in final stages of MLB approval — which means speculation about the team’s next phase, a new ballpark, is close to beginning. It’s an open secret in MiLB circles that the sale of the team included plans for a new privately financed ballpark, […]
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 […]
Mets lose $71M in ’11, loses key court case today
Lots of bad news for New York Mets ownership: the team lost $70 million last season, and this morning a judge ruled they must repay $83 million in profits from the fraudulent Ponzi scheme run by Bernie Madoff. The judgement today from Manhattan Federal Judge Jed Rakoff is a response to bids for summary judgement […]
Dodgers sale complicated by McCourt’s decision to keep land surrounding ballpark
The decision by Frank McCourt to hang onto the parking lots and land surrounding Dodger Stadium is already complicating the sale of the team and caused one high-profile group to withdraw from the bidding process. Developer Rick Caruso and former Dodgers manager Joe Torre decided to pass on bidding for the Los Angeles Dodgers and […]
Rox out of Can-Am League for 2012
The Brockton Rox are out of the 2012 independent Cam-Am League schedule, as an ownership change and expansion franchise in Canada failed to materialize. Because of interleague play with the independent American Association, the Can-Am League was actually seeking an odd number of teams for the 2012 season. But with a potential Canadian expansion franchise […]
McCourt throws in towel, will sell Dodgers
Frank McCourt will participate in a court-supervised sale of the Los Angeles Dodgers, Dodger Stadium and associated businesses, ending a standoff with Major League Baseball over the future of the franchise. The announcement was made last night and follows months of legal wrangling over McCourt’s attempts to sell future media rights in an effort to […]
NY Yankees making moves with minor-league teams
The New York Yankees are exiting the Minor League Baseball world this offseason, according to several sources, as the team is in the process of selling the Staten Island Yankees (short season A; NY-Penn League) and its share of Scranton/Wilkes-Barre Yankees (Class AAA; International League). The sale of the SWB Yankees was expected; the Yankees […]
Milam buys 51s; team will be part of new development
The Las Vegas 51s (Class AAA; Pacific Coast League) have been sold to developer Chris Milam, who plans on installing the team in a new $1.95-billion sports complex he’s planning opposite Mandalay Bay on the south end of the Strip. Milam heads International Development Management and is working with the city of Las Vegas and […]
Jeff Wilpon: Mets aren’t for sale
Despite some vocal interest from the likes of Donald Trump in buying a majority share of the New York Mets, Jeff Wilpon says the team isn’t for sale — and he expects his family to be found innocent of charges that they unfairly profited from Bernie Madoff’s Ponzi scheme. Wilpon, the chief operating officer of […]
Potential buyers emerge for Mets — but are they serious?
Donald Trump has reached out to Fred Wilpon about buying into the New York Mets — but he would so only if he could buy majority control. He’s the latest suitor for the team, which has attracted a lot of interest from the Manhattan monied set. According to Trump, he called Wilpon after the team’s […]