Dodgers Narrow Down Bidders For MLB Screening

Law360, New York (February 27, 2012, 6:19 PM EST) -- Los Angeles Dodgers LLC has determined which bidders in its Chapter 11 bankruptcy sale will move forward for approval by Major League Baseball, setting the stage for an estimated $800 million auction of the team by April, the Dodgers announced Monday.

Team representatives declined to comment on the identity or number of the potential buyers, but the Los Angeles Times reported that at least six bidders remained, including basketball legend Magic Johnson and Connecticut hedge fund billionaire Steven Cohen.

“[The Dodgers organization] is pleased with the...
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