We’re getting close to the end here, folks.
Bill Shaikin of the Los Angeles Times passes along word that the field of bidders for the Dodgers was narrowed down to three earlier today. They are:
- The group led by hedge-fund billionaire Steven Cohen and philanthropist Patrick Soon-Shiong;
- The group led by Magic Johnson and veteran MLB and NBA executive Stan Kasten; and
- The group led by St. Louis Rams owner Stan Kroenke.
The group led by Memphis Grizzlies owner Michael Heisley and Tony Ressler, a minority investor with the Brewers, was eliminated. So was a bid by Stanley Gold and the family of the late Roy Disney.
We could have a resolution here pretty quickly, as MLB owners are expected to vote on the three remaining bidders early next week. Outgoing owner Frank McCourt has agreed to identify the winning bidder by April 1. Overall bids are reportedly in the range of $1.3-1.6 billion, which would establish a new record sale price for an American sports franchise.