May 10, 2011 |
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 |
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 |
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.
CALIFORNIA | LOCAL
September 24, 2009 |
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.
February 27, 2012 |
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...
March 19, 2012 |
Stanley Gold and the family of the late Roy Disney were reinstated to the Dodgers bidding Monday, leaving five parties in contention to buy the team. The decision was disclosed by two people familiar with the sale process but not authorized to comment. The Gold/Disney bid had been rejected last week by a committee of Major League Baseball owners, amid concerns over the structure of an offer that included private equity financing to back the launch of a regional sports network.
March 14, 2013 |
Billionaire Philip Anschutz said Thursday he has decided not to sell AEG, the entertainment giant that controls the Staples Center, LA Live and the Los Angeles Kings. Anschutz said he plans to resume a more active role in the company. He announced in September that he was seeking bidders in a sale that some insiders said could fetch $7 billion. AEG: A look back Potential bidders for the company were said to be Los Angeles billionaire Patrick Soon-Shiong, and well-known names such as Mark Cuban and powerhouse Santa Monica investment firm Colony Capital.
June 8, 1989 |
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 |
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.