Jared Kushner has withdrawn from the Dodgers sweepstakes, leaving seven parties in the running to buy the team.
Kushner, the owner and publisher of the New York Observer and son-in-law of Donald Trump, submitted a bid with a financial structure Major League Baseball declined to approve, according to a person familiar with the sale process but not authorized to discuss it.
Kushner was invited to consider restructuring his bid or joining with another group, the person said. He instead withdrew his bid.
He could reconsider his bid, as could the group led by Los Angeles developer Rick Caruso and former Dodgers Manager Joe Torre. Caruso and Torre withdrew last month, citing the refusal of outgoing owner Frank McCourt to include the parking lots in the sale.
As MLB evaluates the bids, two committees of MLB owners are scheduled to meet with bidders next week. MLB has agreed to approve up to 10 bidders, with McCourt selecting the winning bid by April 1.