Friday, 26 December 2014
Last updated 2 days ago
Mar 13 2012 | 11:20am ET
Steven Cohen's got one fewer person to worry about in his quest to buy a baseball team.
Major League Baseball did not invite Beverly Hills real-estate developer Alan Casden to make a presentation to its commissioner and almost half its owners this week, eliminating him from the Los Angeles Dodgers sweepstakes, the Los Angeles Times reports. That leaves only six groups vying for the team, including one led by SAC's Cohen.
Cohen is widely seen as among three frontrunners for the team.
Cohen and his five remaining competitors got about a half-hour of facetime with Commissioner Bud Selig and baseball's executive council and ownership committee. The latter's chairman, Atlanta Braves Chairman Emeritus Bill Bartholomay, said that "they all made excellent presentations."
The meetings took place in Arizona, where the Dodgers are training for this year's baseball season. Cohen received a tour of the Dodgers' spring facility in Glendale during his visit.
Current Dodgers owner Frank McCourt is set to select his successor by the beginning of next month.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.