One Iota Of Horseplay In The Locker Room And He Would've Pulled The Plug On The Whole Thing

Author:
Bess Levin
Updated:
Jan 14, 2019
Original:
Mar 12, 2012

Billionaire hedge fund manager Steven Cohen, considered by many to be a frontrunner in the bidding for the Dodgers, was given a tour of Camelback Ranch-Glendale by vice chairman Jeff Ingram and chief revenue officer Michael Young before Saturday night's split-squad game with the White Sox...Cohen's group also includes leading sports agent Arn Tellem and investment banker Steve Greenberg. Seven groups reportedly remain in the bidding for the Dodgers and Dodger Stadium, a sale being conducted by Blackstone Advisors for current owner Frank McCourt, who placed the team in bankruptcy last June. [MLB]

News

...because they're about their last! SAC Capital Advisors founder Steven Cohen is the front-runner to purchase the Los Angeles Dodgers. Reports earlier this week indicated that Cohen's bid for the baseball team was a couple hundred million dollars less than that made by former baseball executive Stan Kasten and Los Angeles Lakers legend Magic Johnson. But Cohen's bid now matches the Kasten-Johnson offer of $1.6 billion—and at least half of Cohen's purchase price would come in the form of cash. Indeed, Cohen, who last month bought a small stake in the New York Mets, which he would have to give up if approved to buy the California team, may already be planning for the Dodgers' future. He has reportedly spoken with former Major League manager Tony La Russa about taking the team over under a Cohen regime. [FinAlternatives]

Hedge Funds

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