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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...