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Looks like a pretty good scoop by baseball writer Ross Newhan on the front page of the L.A. Times:
Los Angeles developer and philanthropist Eli Broad has offered to buy the Dodgers for $430 million, mostly in cash, if Boston developer Frank McCourt's highly leveraged bid falls through, according to a letter from Broad to Fox Group obtained Friday by The Times....a high-ranking baseball official said the industry is well aware of Broad and his resume, and "it stands to reason he could move through the approval process very quickly if it came to that."
Broad made his $3.8-billion fortune in real-estate development, as a founder of the home-builder Kaufman & Broad, and in financial services as the chief of SunAmerica. He co-founded the Museum of Contemporary Art and led the fundraising effort to build Walt Disney Concert Hall, among his many civic and charitable endeavors.
The plot thickens.
More:
Los Angeles Times
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