Los Angeles Dodgers potential sale process beginning next week – MLB News
The Los Angeles Dodgers are currently in danger of facing potential bankruptcy issues for their last long losses which certainly damaged the franchise from inside.
Last year, when the Dodgers’ decided to sell the franchise, the bidders did not offer what exactly the Dodgers’ executives wanted. The Dodgers’ top executives, who were looking in depth for a good bargain, decided to hold this sale for a season.
While as soon as the 2011 Major League Baseball season ended with the World Series win of St. Louis Cardinals, the Dodgers again emerge to take bids for their potential sale of baseball club in Southern California.
Now the news is coming as from next week, the Dodgers will be receiving bids to start the selling process. Experts believe this sale will be huge in the history of MLB. Recently, Bryan Krakauer, who became famous after he helped the sale of the Chicago Cubs baseball team for an MLB record of $845 million, said, “Just having an expeditious approval process from MLB will aid the sale and it may improve the price.”
Later, Marc Ganis, president of Chicago-based industry consultant Sportscorp Ltd., also said, “It adds certainty to the process and it defines that this will be decided based on how much somebody is willing to pay rather than the subjective criteria that baseball has been accused of applying in the past. It avoids the ‘Friends of Bud’ allegation.”
Another MLB executive, Robert Manfred Jr. who is vice president of labour and human resources, said, “We view this as kind of a one-time deal. We made what we regard to be relatively limited alternations of our normal process that will result in high reward. We don’t think it will be a detriment to baseball.”
The late news in the media has also revealed the potential bidders include Rick Caruso, a Los Angeles real-estate developer, Steve Cohen a hedge-fund manager, the chief executive officer of Guggenheim Partners LLC, New York Mark Walter and the ex- Los Angeles Lakers player and basketball Hall of Famer Magic Johnson.
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