Wednesday, 1 October 2014
Last updated 30 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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