UPDATE: Well, we can cross two big names off the list. Bill Shaikin of the Los Angeles Times has learned that the groups led by Mark Cuban and former agent Dennis Gilbert didn?t make it to the second round of the bidding process.
Meanwhile, Tony Jackson of ESPNLosAngeles.com hears that Peter O?Malley?s group and the group led by?Stanley Gold (who runs the investment firm for the family of the late Roy Disney) have advanced. O?Malley has reportedly discussed joining forces with Gold?s group.
9:30 PM: We learned earlier this week that the Dodgers received more than 10 opening bids in advance of Monday?s deadline from those interested in buying the team from Frank McCourt. The opening bids aren?t binding and new bidders could still emerge in the days to come, but we have some early word on who made it through to the next round.
Bill Shaikin of the Los Angeles Times reports that?at least eight groups have advanced, including the Magic Johnson/Stan Kasten group, the Joe Torre/Rick Caruso?group and the group headed by hedge fund manager?Steven Cohen. No word on any others, but it?s safe to say most of the big names are sticking around.
The Dodgers released a statement a little while ago confirming that ?the round of preliminary bidding has been completed successfully.? However, they didn?t say who advanced or provide a timeline for the next step.
The embattled McCourt faces an April 30 deadline to sell the team and has agreed to identify the winning bidder by April 1. The sale is expected to fetch an MLB record price tag in excess of $1 billion.
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