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Monday, January 23, 2012
Bidness time



Initial bids for the Dodgers officially have been made. Tony Jackson covered it for ESPNLosAngeles.com, while Bill Shaikin was on it for the Times. Not much in the way of surprises in a process that still has some time to develop. From Jackson:
... Although the passing of the deadline represents a significant step in the sale process, it isn't necessarily a major one. For one thing, additional bids are still welcome even with the deadline having passed, according to multiple sources with knowledge of the situation. For another, even the groups that placed initial bids aren't set in stone, as there could be merging of groups, individual movement between groups and individual additions or subtractions within a specific group.

Two bidders said talks about possible group mergers were ongoing. They both spoke on condition of anonymity because Blackstone Group made them sign nondisclosure agreements.

"It would be a shock if they don't start talking merger," said Marc Ganis, president of the Chicago-based consulting firm Sportscorp, which is not involved. "I think we'll get a half-dozen parties that are actually in the bid, plus or minus one."

What the passing of the deadline does mean is that the weeding-out process can now officially begin. This initial phase will involve eliminating candidates whose bids simply aren't competitive. Once that process is complete, Blackstone will submit its list of remaining candidates to Major League Baseball for a vetting process that already is underway in a preliminary sense -- MLB already is looking at all candidates who were given bid books -- but at that point will intensify.

There is no deadline for the submitting of those candidates to MLB, although the April 30 deadline for completing the sale -- and the April 1 deadline for selecting the owner and ownership group that ultimately will get the team -- necessarily means the process will move comparatively quickly.

One source in the Dodgers camp said McCourt views the April 30 deadline as rigid, but baseball commissioner Bud Selig said two weeks ago at MLB's quarterly owners meetings that he feels confident the sale will be completed on time and that "I think we're on track," both characterizations that seemed to allow for some wiggle room. ...

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