New Dodgers bidder close to deal

There's a new front-runner in the contest to buy the Dodgers from Rupert Murdoch's News Corp, the L.A. Times' Jason Reid says. It is Frank H. McCourt, a Boston real estate developer who lost out on recent bids to buy the Angels and the Red Sox. Unnamed baseball executives tell Reid that McCourt "is on the verge of completing a purchase agreement" for the Dodgers. The previous front-runner, Malcom Glazer, has been unable to close a deal, and L.A. developer Alan Casden says that he dropped out a few months ago. Jeff Smulyan of Emmis Communications (Los Angeles magazine) is still somewhere in the background.


More by Kevin Roderick:
John Severson, 83, founder of Surfer magazine
LA Observed Notes: 60 Minutes, selling the Coliseum and more
Gil Cedillo, Nick Melvoin win LA runoffs*
LA Observed Notes: Baca goes down, LAX shuffle, media moves
LA Observed Notes: Big TV news, media moves, obits and more
Recent stories on LA Observed:
John Severson, 83, founder of Surfer magazine
Amy Goodman
LA Observed Notes: 60 Minutes, selling the Coliseum and more
'Tosca' glitters, Calleja swoons, Abraham and Taylor dance
Stendahl Gallery
Help for the homeless a phone call away?
Gil Cedillo, Nick Melvoin win LA runoffs*
LA Observed Notes: Baca goes down, LAX shuffle, media moves


 

LA Observed on Twitter