Who are the strongest contenders for the Dodgers?

Still too early to determine a victor, but Bloomberg Businessweek reports that three bidders are at the top of the heap: Magic Johnson (with partners Mark Walter and Stan Kasten), Rick Caruso (aligned with Joe Torre), and hedge fund billionaire Steve Cohen. They're considered strong contenders because the financing is coming from a single source. By the way, it costs $25,000 just to get into the bidding. A few other tidbits from the Bloomberg piece:

While management underscored stadium improvements such as new seats and redone dugouts, multiple bidders said they would probably have to spend as much as $450 million over the next few years on payroll and upgrades to the ballpark and surrounding infrastructure. Blackstone started conducting management presentations this week, which the bidders say they hope will make the Dodgers' capital needs and revenue capabilities clearer.

Riding over everything, of course, is the media play. Time-Warner Cable, Comcast, and Fox are all hovering, though it's also possible that the eventual owner will want to form his own sports network - keep in mind that the Yankee network YES is the biggest regional sports network in the country.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal 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?
Recent Sports stories:
Lakers 'faith' may lead to folly
Doug Krikorian back on the beat in Long Beach
Jonathan Martin's Harvard-Westlake (and LA)
The beard stands on principle
The case for Ed Orgeron

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
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
LA Observed on Twitter and Facebook