Deadline For Groups To Bid On Dodgers Passes
The deadline for groups to submit initial bids to buy the Los Angeles Dodgers passed on Monday with just two confirmed bids, according to ESPN.com.
Currently, there are two confirmed bids, according to ESPN:
- A group headed by Beverly Hills Sports Council Founder Dennis Gilbert
- Joshua Macciello, CEO of ArmItal Sports Inc.
A source told ESPN that the deadline is not a major one, as groups can still bid later on in the process; additionally, according to ESPN, original bids are not set in stone, either. Now that the deadline has passed, the process for selecting a team can become more competitive as The Blackstone Group, the investment firm handling the sale, weeds out bids that are not high enough.
Dodgers owner Frank McCourt must sell the team by April 30. There were expected to be around 20 bids for the team, and there could be more confirmed bids later on, according to ESPN.
Update (10:52 p.m.) - Bill Shaikin of the Los Angeles Times reports that the number of total bids is over 10:
#Dodgers bids confirmed: Cuban, Magic, O'Malley, Gilbert, Cohen, Caruso/Torre, Gold/Disney. Total bids: "More than 10."—
Bill Shaikin (@BillShaikin) January 24, 2012