Alan Casden said Tuesday he was "disappointed" that his bid to buy the Dodgers was turned down by Major League Baseball.
Casden does not plan to appeal the decision to the court-appointed mediator, his spokeswoman said. MLB had concerns about the financial structure of Casden's bid, according to a person familiar with the sale process.
Casden, a Beverly Hills real estate developer and member of the USC Board of Trustees, also tried to buy the Dodgers in 2003, before Fox sold the team to Frank McCourt.
Casden's statement:
"As a lifelong fan of the Dodgers since I sold programs at the Coliseum as a boy in 1958, I am obviously disappointed with Major League Baseball’s decision to drop our bid.
"We were a serious and solidly financed bidder who wanted to return local ownership of the Dodgers to the City of Los Angeles and were completely committed to putting a championship team on the field and providing a first class experience for fans.
"We wish the other bidders the best and hope that the right choice is made for the sake of the team, the fans and the City. If in the future there is any opportunity for me to assist in any way, I stand ready because I love this City, and the Dodgers."
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