Report: Dodgers Begin Scheduling Stadium Tours For Potential Buyers
The sale of the Los Angeles Dodgers has been a slow, arduous process, but according to a report from Ramona Shelburne of ESPN L.A., it's taking a big step forward now. The New York investment group handling the sale has begun scheduling tours of Dodger Stadium with prospective buyers.
"It's just to allow investors in the groups to walk the Stadium, get a feel for it, and ask questions," a source told Shelburne.
The Dodgers filed for Chapter 11 bankruptcy protection on June 27. On November 1, owner Frank McCourt agreed to sell the team.
The Blackstone Group, which controls the sale of the franchise, has distributed preliminary "bid books" to about a dozen potential ownership groups and will likely distribute more in the weeks ahead. Prospective buyers have until Jan. 23 to submit their initial bids, which are non-binding. "This first round is more to find out who really has money and who is just talk," a source told Shelburne.