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Los Angeles Dodgers Receive Bids Of Over $1 Billion

There have been multiple bids greater than $1 billion submitted in an attempt to purchase the Los Angeles Dodgers, according to the Wall Street Journal.

Dodgers owner Frank McCourt must sell the team by April 30. There were expected to be around 20 bids for the team, and there could be more confirmed bids later on, according the Wall Street Journal.

Several well-known sports figures have already emerged as potential suitors. Former Los Angeles Lakers mega-star and part-owner Magic Johnson has joined a potential ownership group with former Washington Nationals president Stan Kasten. Joe Torre also recently left his post at Major League Baseball to join an ownership group that wishes to make a bid for the Dodgers.

The team also boasts several major one-the-field entities that could be marketable to a potential ownership group. Matt Kemp, who last season narrowly missed out on winning the National League Triple Crown, was just signed to a long-term contract extension. The club also has the reigning National League Cy Young Award winner, Clayton Kershaw, under club control for several more seasons.

 

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