Monday, 28 July 2014
Last updated 3 hours ago
Jan 4 2012 | 2:08am ET
Steven Cohen may have failed in his bid to buy a chunk of his favorite baseball team, but hasn't given up on the idea of owning a club of his own.
The billionaire SAC Capital Advisors founder is among the leading contenders to buy the Los Angeles Dodgers, the team whose departure from Brooklyn, N.Y., in 1957 paved the way for the creation of the Mets five years later. Indeed, Cohen has reportedly already hired the leading sports architecture firm to look into possible renovations at the Dodgers' historic home, Dodger Stadium.
According to Bloomberg News, Cohen is working with Allen & Co.'s Steve Greenberg on the bid and has met with sports agent Arn Tellem, who he may install to lead the Dodgers should he buy them, Bloomberg News reports. Greenberg is the son of baseball legend Hank Greenberg and has close ties to top baseball officials.
Cohen's bid is among the first submitted to Major League Baseball. Initial bids are due Jan. 13.
The Dodgers filed for bankruptcy last year and in November, owner Frank McCourt agreed to put the team up for sale.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…