Friday, September 2, 2011
$1B bid for Boys in Blue
DN -- It seems more appropriate than ever that the baseball movie "Moneyball" hits theaters this month, considering the $1.2billion cash offer Bill Burke reportedly made to Dodgers owner Frank McCourt to buy the team and all real estate and media rights related to the team.
The whopping offer, arrived in a written letter to McCourt - with Burke the main investor and backed by some state-owned Chinese investors and unnamed American investors.
Burke is an accomplished business and political leader in Southern California, best known as the founder and former longtime president of the Los Angeles Marathon.
Though a spokesman, McCourt issued no comment Thursday.
What will Major League Baseball think of "certain state-owned investment institutions of the People's Republic of China" owning one of its storied franchises? And how inclined will McCourt be to give up his silly fight to retain ownership?
The offer expires in 21 days, so we'll know near the end of the month what this all means.
at 3:27 AM