MLB rejects Alan Casden's bid
Major League Baseball rejected Alan Casden as a candidate to buy the Dodgers, reducing the field of bidders to six, the Los Angeles Times reported Monday.
The six remaining parties each met with commissioner Bud Selig and 14 owners Monday. Casden, a Beverly Hills real estate developer, was not invited.
"They all made excellent presentations," Atlanta Braves chairman emeritus Bill Bartholomay, the chairman of the ownership committee, told the Times. "The one thing they had in common was a love for the Dodgers.
"They have a great future. I've been in the game 50 years, and the Dodgers are the Dodgers."
Casden said in a statement published at Latimes.com Tuesday that he was "disappointed with Major League Baseball's decision."
"We were a serious and solidly financed bidder who wanted to return local ownership of the Dodgers to the City of Los Angeles and were completely committed to putting a championship team on the field and providing a first class experience for fans," Casden's statement said. "We wish the other bidders the best and hope that the right choice is made for the sake of the team, the fans and the City. If in the future there is any opportunity for me to assist in any way, I stand ready because I love this City, and the Dodgers."
Casden also tried to buy the Dodgers in 2003, according to the Times.
The list of bidders still includes the group headed by Magic Johnson, St. Louis Rams owner Stan Kroenke, New York Observer publisher Jared Kushner, a group headed by Shamrock Holdings president and CEO Stanley Gold and the family of the late Roy Disney, a group headed by hedge-fund manager and SAC Capital Advisors founder Steven Cohen, and a group headed by former YES Network chairman and chief executive Leo Hindery and Colony Capital chairman Tom Barrack.
The six entities are being scrutinized by an on-going vetting process conducted by Major League Baseball.
Those candidates who remain at the end of that process will be submitted to baseball's ownership committee, then to the executive council, and finally, to the full ownership of the 29 other clubs.
The ownership committee and executive council will either recommend or reject bidders -- with outgoing Dodgers owner Frank McCourt free to take any rejection to a mediator if he disagrees -- and any bidder who survives all the way to the vote of the full ownership must then receive a three-fourths approval (at least 23 teams).