Early this morning, Major League Baseball and Frank McCourt issued a joint statement saying that they agreed to recommend to the bankruptcy court to hold an auction for the sale of the Dodgers.
When prospective owners are bandied about, Dallas Mavericks owner Mark Cuban comes up first, because he's a fan's owner and he has the cash. But Cuban told the LA Times yesterday that he wouldn't be interested in the team if the price was over $1 billion.
I think that still puts Cuban in the game. The price stays under that because nowadays you need about 60 percent cash to finance buying a team, compared to almost nothing when McCourt bought it. I don't think there's a ton of interested parties who have $600 million cash lying around.
Who else gets in? I think Fox , which sold the team, stadium and parking lots to McCourt for $421 million in 2004, could — and might have to — throw its name in the hat again.
Why? For the same reason they bought the Dodgers in 1998 for $311 million. They want the team's future television rights, which would begin in the 2014 season. A spokesman for Fox Sports could not immediately answer whether the speculation, which has been floated by some bankers, is rational.