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May 10, 2011 | By Dylan Hernandez
Reporting from Pittsburgh — Asked in spring training whether he felt responsible for backing Frank McCourt's highly leveraged purchase of the Dodgers, Commissioner Bud Selig sidestepped the question. Monday, Selig offered his version of what happened in 2004 to Mike Lupica of WEPN-AM in New York. Selig's main point: There were no other bidders. "There's a lot of history here, which a lot of people don't seem to understand," Selig said. "There were two other bidders.
July 2, 2012 | By Bill Shaikin
OMAHA — Even as the Olympic swimming trials blossom into a major national sporting event, USA Swimming has not ruled out a return to Long Beach. Long Beach was one of 16 cities represented at a recent informational meeting for potential bidders for the 2016 trials. Bids will be solicited this fall, and USA Swimming hopes to announce the winning city next May. The trials were held in Long Beach in 2004, at a temporary outdoor pool with the Queen Mary as a backdrop. The event then moved to Omaha, with a temporary pool on the floor of an indoor sports arena, and with room for 14,000 spectators.
February 17, 2012 | By Bill Shaikin
Dodger Stadium turns 50 this year. In 2008, as owner Frank McCourt unveiled plans to revamp the stadium and surrounding area, Vin Scully explained why. "Few stadiums last even 50 years," Scully said on a team promotional video. "The truth is, we can't dream of this one lasting another 50 without a lot of love, care and, yes, investment. "Without that care and capital, Dodger Stadium might fade away, in disrepair. But that idea just doesn't fly with Frank McCourt. " Nor does it fly with the bidders jockeying to buy the Dodgers from McCourt.
September 24, 2009 | Jeff Gottlieb
It was a story that garnered attention around the world. The crypt above Marilyn Monroe's had sold for more than $4.6 million on EBay. When it came time to collect, though, the deal fell apart. The winning bidder, from Japan, backed out. But because 11 other bidders had offered at least $4.5 million, certainly one of them would come through. None did. No one even tried to make a low-ball offer at the $500,000 minimum. "They were all phony balonies," said Elsie Poncher, who was selling the crypt that holds the remains of her husband, Richard.
March 25, 2012 | By Bill Shaikin
When Frank McCourt took the Dodgers into bankruptcy last year, Plan A was to retain ownership of the team. Yet Plan B was just as important. If McCourt had to sell the Dodgers, the U.S. Bankruptcy Court would oversee the sale, not Major League Baseball. John Moores might have liked court protection. Moores agreed three years ago to sell the San Diego Padres to a group led by Jeff Moorad, but major league owners subsequently balked at granting Moorad control of the team. Moorad essentially surrendered last week and Moores appears to have one choice: keep the Padres, or put them up for sale once again.
February 27, 2012 | By Bill Shaikin
Magic Johnson and Steven Cohen are among at least six bidders remaining for the Dodgers, after the field was cut for the second time on Monday. The bidders so far identified as surviving the second cut include groups led by Johnson and veteran baseball executive Stan Kasten, Connecticut investment king Cohen and longtime Los Angeles agent Arn Tellem, and New York media executive Leo Hindery in partnership with Tom Barrack, chairman of Santa Monica-based...
December 27, 2011 | By Bill Shaikin
Steven Cohen, a billionaire eight times over, is bidding for the Dodgers in a process tilted toward the high bidder. However, the East Coast hedge-fund executive is not content to let his wealth speak for itself. He has engaged one of America's notable sports architecture firms to propose renovations to Dodger Stadium, allied himself with one of baseball's power brokers, secured the support of at least two prominent Angelenos and met with several major league owners. He was joined in those meetings by Arn Tellem, an influential sports agent who could run the Dodgers if Cohen were to buy the team.
June 8, 1989 | Associated Press
The state's Treasury Department has some of the hottest tickets around--to the NBA Finals--and will sell them to the highest bidders. The department got the tickets Wednesday. They were part of the assets seized in a drug raid last month in Bloomfield Hills, and under state law, the department must auction perishable items to the highest bidder. Treasurer Robert Bowman said that means the $25 tickets will go on the block today, a few hours before Game No. 2 between the Detroit Pistons and the Lakers at the Palace in Auburn Hills.
March 5, 2012 | By Bill Shaikin
Memphis Grizzlies owner Michael Heisley and Los Angeles investor Tony Ressler have joined forces and re-entered the bidding for the Dodgers, a person familiar with the sale process said Monday. Ressler, a minority investor in the Milwaukee Brewers, is believed to be the only remaining bidder currently involved in MLB. The Heisley-Ressler bid would be the eighth submitted to Major League Baseball for consideration. MLB has agreed to approve up to 10 bidders, after which outgoing owner Frank McCourt will select the winner.
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