Report: Dodger sale attracting big money

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.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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