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  1. #1
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    Kroenke Loses Bid to Buy Dodgers

    Guess we won't have to worry about the cross-ownership issue now.


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    Fastcat is offline Registered User
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    re: Kroenke Loses Bid to Buy Dodgers

    Yea... Good!

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    re: Kroenke Loses Bid to Buy Dodgers

    Magic Johnson buys the L.A. Dodgers for $2 billion, reports Wall Street Journal
    8:23 p.m. | By Matthew DeBord

    The Wall Street Journal is reporting that Magic Johnson and his group, including Stan Kasten and Peter Guber, have won an auction for the Los Angeles Dodgers. Johnson was among three bidders approved by Major League Baseball today.

    Price? $2 billion, the largest ever paid for a pro sports franchise.

    The losers were hedge-fund billionaire Steven Cohen, who had joined with L.A. billionaire Patrick Soon-Shiong in a bid that many — myself included — thought had too much financial firepower. The other defeated bidder was Stan Kroenke, owner of the St. Louis Rams. This clearly ups the chances that the Rams may become the L.A. Rams relatively soon, to provide the Downtown AEG stadium project with an NFL team.

    Magic was the local favorite, so L.A. ultimately got what it (probably) wanted here: a hometown favorite running the show, even if the bulk of the financing came from Guggenheim Partners in Chicago. $2 billion, if the figure is correct, isn't chump change, either. Dodgers owner Frank McCourt stands to make twice what everyone thought he might make, when the bids were in the $1.5-billion ballpark.

    Cohen can now turn his full attention to the woeful New York Mets.
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    re: Kroenke Loses Bid to Buy Dodgers

    2 Billion! That just goes to show how sweet of a deal Stan got on the Rams!
    "The disappointment of losing is huge!"

    Jack Youngblood

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    AvengerRam's Avatar
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    re: Kroenke Loses Bid to Buy Dodgers

    Quote Originally Posted by LA Rammer View Post
    This clearly ups the chances that the Rams may become the L.A. Rams relatively soon, to provide the Downtown AEG stadium project with an NFL team.
    That makes absolutely no sense at all.

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    LA Rammer's Avatar
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    Re: Kroenke Loses Bid to Buy Dodgers

    Quote Originally Posted by MoonJoe View Post
    2 Billion!
    his EX wife Jamie McCourt is pissed all she gets is $131 million.
    Last edited by LA Rammer; -03-28-2012 at 11:33 AM.
    LA RAMMER

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    Re: Kroenke Loses Bid to Buy Dodgers

    Quote Originally Posted by LA Rammer View Post
    his EX wife Jamie McCourt is pissed all she gets is $131 million.
    Greed at its finest.

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    Re: Kroenke Loses Bid to Buy Dodgers

    Tipsheet: Rams fans can quit fretting about the Dodgers

    BY JEFF GORDON | Posted: Wednesday, March 28, 2012 7:29 am

    All the speculation about Kroenke parlaying that purchase into the relocation of the Rams and the building of an L.A. sports juggernaut will finally dissipate.

    That is one less thing for Rams fans to worry about.
    LA RAMMER

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    LA Rammer's Avatar
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    Re: Kroenke Loses Bid to Buy Dodgers

    Quote Originally Posted by fliptalianstallion View Post
    Greed at its finest.
    wasn't she the cheat?
    LA RAMMER

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    Re: Kroenke Loses Bid to Buy Dodgers

    Quote Originally Posted by LA Rammer View Post
    wasn't she the cheat?
    Wouldn't matter, my point was to ridicule people who get upset over not making money that goes beyond the lines of financial stability.

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    supachump is offline Registered User
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    Re: Kroenke Loses Bid to Buy Dodgers

    This clearly ups the chances that the Rams may become the L.A. Rams relatively soon, to provide the Downtown AEG stadium project with an NFL team.
    I've said all along that I don't think the Rams and AEG will be a match. Stan doesn't want to give up that much ownership. And then, I wake up today and read an article that may or may not be new news (new to me). It only reenforces what I've been saying.


    Plans for a downtown stadium and a return of the NFL to Los Angeles might be in peril, according to a report on Yahoo! Sports.

    Citing three sources, the website reported Thursday that billionaire developer Phil Anschutz is unwilling to change the terms of a deal that would trigger the return of the NFL to Los Angeles. The deal would call for a downtown stadium to be built and run by Anschutz Entertainment Group. But according to the report, the financial plan is a sticking point.

    According to Yahoo!, Anschutz met in December with NFL commissioner Roger Goodell, Los Angeles Mayor Antonio Villaraigosa and New England Patriots owner Robert Kraft in Denver to discuss the proposed deal. Villaraigosa requested the meeting, according to Yahoo!, with the goal of encouraging Anschutz to place more support behind the stadium AEG has proposed building.

    Goodell told Anschutz at the meeting the terms were unacceptable for the NFL and the handful of potential teams that could move to L.A., including the San Diego Chargers, according to the report.

    "It was friendly, but boiled down to the view that no NFL owner would accept the terms proposed," one of the sources told Yahoo!. "If (AEG) wanted to get that much control over an NFL franchise, their only option would be to buy a team. If they were willing to back off the control and buy a (limited partnership) stake for a reasonable price, then a shared interest in selling suites/clubs/sponsorships could be worked out."

    NFL spokesman Greg Aiello declined to comment to Yahoo! on whether Goodell met with Anschutz. AEG spokesman Michael Roth declined to comment because AEG president Tim Leiweke did not take part in the meeting, and Roth said he does not speak for Anschutz, according to the report.

    AEG is supposed to reveal an Environment Impact Report on the proposed site in early April.

  12. #12
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    Re: Kroenke Loses Bid to Buy Dodgers

    From the report I saw Anschutz basically wants to swap his land and a little cash valued around $450 million for 51% of the franchise and complete control. The opinion I heard was that had 0% chance of happening and the downtown stadium is dead.

    The most likely scenario would be for the Dodgers buying group to put a stadium on their own property next to Dodger stadium and buy a team to bring into the city (or expansion franchise). It's still supposedly an 8+ year planning process if they started now.

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    Re: Kroenke Loses Bid to Buy Dodgers

    I never liked the downtown site anyway. The City of Industry site, or Dodger Stadium Site would be MUCH more appealing to me. I think if the Rams and the CVC just can't find a way to work out their differences, something would loosen up in LA. However, until something more transpires with the stadium talks in STL, this is all just conjecture.
    That's my story, and I'm sticking to it!!

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