SAC's Cohen Bids For Dodgers

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of