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Seems like Dennis Gilbert, a special assistant to Chicago White Sox owner Jerry Reinsdorf, is preparing a serious bid for the team. LAT reports that he has lined up two financial backers: Bruce Karsh, president of L.A.-based Oaktree Capital Management (Forbes estimates his net worth at $1.6 billion), and Josh Friedman, founding partner and co-chairman of Canyon Capital Partners, a $19-billion hedge fund based in Los Angeles (one of Canyon's partners has been involved with Magic Johnson in urban revitalization projects). This could be a potent combination given the L.A. connections. But it's early.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.