Cohen Among More Than 10 Bidders For Dodgers

Jan 24 2012 | 12:48pm ET

If Steven Cohen is going to own a baseball team, he's going to have to fight for it.

More than 10 people or groups submitted opening bids for the Los Angeles Dodgers by yesterday's deadline. The SAC Capital Advisors chief was among them.

Also making a play for the Dodgers are private equity honchos Leo Hindery and Marc Utay, who, like Cohen, were stymied last year in their effort to buy a piece of the New York Mets (Utay and Hindery also tried, and failed, to buy the Chicago Cubs). Members of the Disney family and the head of their hedge fund Shamrock Holdings, Stanley Gold, also submitted a bid. Guggenheim Partners CEO Mark Walter is part of a group headed by former Los Angeles Lakers great Magic Johnson and former baseball executive Stan Kasten. Private equity mogul Ron Burkle is said to be interested, and Colony Capital's Thomas Barrack may join one of the competing groups.

Other prominent names in the hunt are former Dodgers owner Peter O'Malley, Dallas Mavericks owner Mark Cuban, and former New York Yankees and Dodgers manager Joe Torre.

The Dodgers are expected to fetch at least $1.5 billion.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of