Blog Entry

Report: McCourt offered $1.2 billion for Dodgers

Posted on: September 1, 2011 3:22 pm
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By C. Trent Rosecrans

Frank McCourt has been offered a record $1.2 billion for the Dodgers, the Los Angeles TImes' Bill Shaikin reports.

The bid is led by Los Angeles Maranthon founder Bill Burke and is also funded in part by Chinese investors. Burke would not comment when reached by Shaikin. Steve Surgerman, a McCourt spokesman, also declined comment.

The bid from Burke's group would be an all-cash deal for the team, all its real estate and the team's media rights. McCourt, reportedly, has hoped to keep Dodger Stadium and its parking lots if the team is sold.

According to the letter obtained by the Times, the offer expires in 21 days and would hope to close the deal within 90 days and be subject to approval from both the bankruptcy court and Major League Baseball.

Some of the money would come from "certain state-owned investment institutions of the People's Republic of China," in addition to other investors.

Two years ago the Rickettts family bought the Chicago Cubs for $845 million from the Tribune Company, setting a record for the highest price tag on a big league team.

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Comments
hotmeuly
Since: Dec 2, 2011
Posted on: December 20, 2011 10:18 pm
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peulouy
Since: Dec 2, 2011
Posted on: December 18, 2011 3:54 pm
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Since: Dec 2, 2011
Posted on: December 8, 2011 5:35 am
 

Report: McCourt offered $1.2 billion for Dodgers

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Since: Aug 21, 2006
Posted on: September 2, 2011 6:18 pm
 

Report: McCourt offered $1.2 billion for Dodgers

The only thing that I can say is no the Chinese Government needs to keep their hands off the American mainland. Our very own Government owes them how much??? Let the bankruptcy court take the team from the divorcing thieves who spent the teams money on themselves.



Since: Jul 23, 2008
Posted on: September 2, 2011 1:26 pm
 

Report: McCourt offered $1.2 billion for Dodgers

I, for one, think that is very sad that the Chinese may buy the Dodgers.  I think we have already sold too much of "America" to the Chinese.  Are we ready to sell our souls to them too?  This causes me to seriously think about the products that I buy now.  I'd rather have 5 shirts, 5 pants, and 2 pairs of shoes, all made in USA than twice or three times as many, made in CHINA. I have to be part of the solution, not part of the problem. 

I want McCourt gone but it has to be done the right way.  It has to be an improvement. 

People can talk all the trash that they want about the Dodgers but if China wants to own a MLB team, specifically the Dodgers, there must be tons of money to made there.  They know our spending habits very well.  They know that regardless of the bad economic times Americans will still overpay for entertainment (even cheap entertainment).  They haven't gotten to this point by being stupid.  If they want to buy the Dodgers for 1.2 billion dollars it is because they know it is a business decision that will pay off.  And I'm sure they could and are willing to pay a bit more, if they have to.

AMERICANS, this country is ours.  It is the way it is because of us.  It will be the way it will be because of us.  We have to stop supporting foreign companies and countries if we want USA to get stronger.  It's up to us to make personal decisions that will benefit our country.

IMO, that's what this article is about.  Not about McCourt as much as some people might think.



Since: Sep 2, 2011
Posted on: September 2, 2011 12:09 pm
 

Report: McCourt offered $1.2 billion for Dodgers

Who cares if the Chinese want to overpay for the Dodgers?  They can't move the franchise to China, and they will eventually sell it for a lot less than $1.2 billion when they realize what has happened to that organization.  It's a good way for us to bring some of our money back out of China.  It's pretty obvious that McCourt likes to spend big.  Let him stimulate the economy over here once they fatten up his wallet.



Since: Sep 1, 2006
Posted on: September 2, 2011 11:42 am
 

Report: McCourt offered $1.2 billion for Dodgers

As awful of an owner as he's been Bud Selig and MLB should step in and force him to sell the team or take control of it if he doesn't. He's been on the verge of ruining one of the most storied franchises in baseball history for a long time now and it's only inevitable that it will happen if he retains ownership.



Since: Mar 7, 2011
Posted on: September 2, 2011 11:32 am
 

Report: McCourt offered $1.2 billion for Dodgers

HAHAHAHA - Oursourced to China again!  Soon Americans will watch a sport owned by China.  America for sale!



Since: Feb 26, 2008
Posted on: September 2, 2011 11:15 am
 

Report: McCourt offered $1.2 billion for Dodgers

LOL - Classic go on Frank like the Steve Miller song says "GO ON TAKE THE MONEY AND RUN "



Since: Feb 26, 2008
Posted on: September 2, 2011 11:12 am
 

Report: McCourt offered $1.2 billion for Dodgers

Hey Frank have you heard of Steve Miller's tune > "TAKE THE MONEY AND RUN "


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