Cohen Meets With Baseball Chiefs As Another Bidder Falls

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.


In Depth

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

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

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of