Sunday, 29 March 2015
Last updated 1 day 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…