Report: Steve Cohen has top Dodgers bid, would hire Tony La Russa as club president

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From USA Today’s Bob Nightengale comes this intriguing update on the looming sale of the Los Angeles Dodgers:

Hedge-fund billionaire Steve Cohen emerged Wednesday as the strongest bidder to purchase the Dodgers, and plans to hire Tony La Russa to a key front-office position, according to two Major League Baseball officials familiar with the process but unauthorized to speak publicly.

La Russa has been looking to get back into baseball in a non-managing capacity since retiring from the Cardinals after winning the 2011 World Series. He has turned down a number of cushy job offers, including one from Major League Baseball to fill the executive role that was recently vacated by Joe Torre.

And now we probably know why La Russa is keeping his schedule so wide open.

Cohen, who founded Capital Advisors and is worth $8.3 billion according to Fortune Magazine, reportedly bid $1.6 billion for rights to the Dodgers. There are three other potential ownership groups still in the running, including one headed by Magic Johnson and veteran MLB and NBA executive Stan Kasten.

UPDATE, 10:04 PM: Bill Shaikin of the Los Angeles Times is hearing that La Russa would be put in charge of baseball operations with longtime sports agent Arn Tellem serving as team president.