If Dodgers are put up for sale, previous runner-up Patrick Soon-Shiong is interested
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Set us as preferred Mark Walter is not selling the Dodgers, his people say.Stan Kasten, the Dodgers’ president, said it again Friday.
The team, as a Los Angeles Times headline put it, is the “crown jewel” of Walter’s sporting empire.Walter was not selling the Lakers, either, until he suddenly did last week.And, amid a cash crunch triggered by a federal investigation into insurance firms his companies control, potential bidders for the Dodgers are monitoring the situation closely.If Walter were to sell the Dodgers, a long line of interested parties could include the runner-up when he bought the team in 2012: Patrick Soon-Shiong, the owner of the Los Angeles Times.On Friday, Soon-Shiong said through a representative that he would be interested in leading an investment group should Walter decide to sell the team.
Sports Questions remain over whether the blowback from Mark Walter’s financial difficulties will hit the Dodgers.“We respect Mr.Walter, and we want to make it clear we have not spoken with him,” said Chuck Kenworthy, the family attorney for Soon-Shiong.
“If at some point he would like to discuss the Dodgers, we would be very open to talking.”Walter’s TWG Global did not immediately return a request for comment.The Dodgers could command between $10 billion and $13 billion — at the higher end, three times as much as the record sale price for a major league team — a high-ranking industry source told The Times on the condition of anonymity.In 2012, Soon-Shiong joined hedge-fund titan Steve Cohen in trying to buy the Dodgers, with Cohen as the controlling partner.Walter and his partners won the bidding at $2.15 billion, well above the $1.6 billion runner-up bid of Soon-Shiong and Cohen.
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