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Old 11-02-2011, 12:09 AM   #1
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Frank McCourt agrees to sell Dodgers

....says he inquired several months ago about the Dodgers, but lost interest when team owner Frank McCourt valued the club at $1 billion.


It was, at least to me, an intresting article in the way Cuban valued the Dodgers and also percieved the costs of reviving the franchise.

http://www.latimes.com/sports/la-sp-...wed+Stories%29
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Old 11-02-2011, 01:32 AM   #2
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Follow up story: McCourt agrees to sell he Dodgers

http://latimesblogs.latimes.com/dodg...l-dodgers.html

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Old 11-02-2011, 01:35 AM   #3
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Re: Cuban offered to buy Dogers but price was too high

http://latimesblogs.latimes.com/dodg...gers-sale.html
The Blackstone Group is a financial firm that makes both leveraged buyouts and advises on mergers/acquisitions.
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Old 11-02-2011, 01:15 PM   #4
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Re: Cuban offered to buy Dogers but price was too high

Wow.. asking price was 1-1.2 billion.. That's a bit steep considering how leveraged the Dodgers are.. It will be interesting to see what they are finally sold for.

I wonder if Cuban got the asking price from John Allen
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Old 11-02-2011, 04:28 PM   #5
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Re: Cuban offered to buy Dogers but price was too high

RR: I've seen a couple of articles that speculate that, if the bidding gets frenzied, that the Dodgers could go as high as $1B. I'll try to see if I can find them again.

That aside, if the Dodgers don't get a new owner until Opening Day that's a big opening in the free agent market. If a team like the Reds can find a way to take advantage of one less big money player it might be a window of opprtunity for them.

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Old 11-02-2011, 04:31 PM   #6
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Re: Cuban offered to buy Dogers but price was too high

McCourt's Revenge: Selling to Marc Cuban.
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Old 11-02-2011, 04:36 PM   #7
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Re: Cuban offered to buy Dogers but price was too high

I've lost track; can an owner in MLB also own, say, another major sport like, for example, and NBA frnachise?

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Old 11-02-2011, 04:38 PM   #8
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Re: Cuban offered to buy Dogers but price was too high

Can a mod change the headline to something like 'McCourt agrees to sell the Dodgers'? It's probably more germain to the subject at this point.

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Old 11-02-2011, 05:01 PM   #9
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Re: Cuban offered to buy Dogers but price was too high

I think Cuban has mellowed a little bit. However, I believe MLB owners may consider Cuban riff-raff and the wrong side of their politics as it is an exclusive club.
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Old 11-02-2011, 07:40 PM   #10
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Re: Cuban offered to buy Dogers but price was too high

No offense meant to the OP, but could a Mod fix the spelling of Dodgers in the title?
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Old 11-02-2011, 07:51 PM   #11
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Re: Cuban offered to buy Dogers but price was too high

Quote:
Originally Posted by remdog View Post
I've lost track; can an owner in MLB also own, say, another major sport like, for example, and NBA frnachise?

Rem
Most definitely they can. I think baseball tends to dissuade it, but there's nothing stopping an owner of another sports franchise owning a baseball team.
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Old 11-02-2011, 11:07 PM   #12
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Re: Cuban offered to buy Dogers but price was too high

Is the bidding process binding?
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Old 11-02-2011, 11:12 PM   #13
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Re: Cuban offered to buy Dogers but price was too high

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Is the bidding process binding?
All I know is what I've seen in the articles I've mentioned above but I would still think that MLB (meaning PudBud)will have a choice of which bidder would be acceptable. In that case I can see the highest bidder not necessarily geting the win.

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Old 11-02-2011, 11:39 PM   #14
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Re: Cuban offered to buy Dogers but price was too high

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Originally Posted by remdog View Post
All I know is what I've seen in the articles I've mentioned above but I would still think that MLB (meaning PudBud)will have a choice of which bidder would be acceptable. In that case I can see the highest bidder not necessarily geting the win.

Rem
Which means Cuban has a snowballs chance. Such a shame.
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Old 11-03-2011, 02:12 PM   #15
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Re: Cuban offered to buy Dogers but price was too high

Quote:
Originally Posted by remdog View Post
All I know is what I've seen in the articles I've mentioned above but I would still think that MLB (meaning PudBud)will have a choice of which bidder would be acceptable. In that case I can see the highest bidder not necessarily geting the win.

Rem
Correct. Baseball and the owners can both reject a prospective bidder. New owners have to be approved by a super majority, if memory serves me correct.
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