- Sun to Set on Commodities Super-Cycle: Morgan Stanley
- Crisis-Battered Greek Banks Set for Weak Quarter
- Romney Clinches Republican 2012 Nomination in Texas
- Spain to Go to Market to Fund Banks, Regions
- Home Prices Hit Fresh Lows, But 'We See Signs of Hope'
- JPMorgan Dragged Into Japan Insider Trading Probe
- Cramer's Top Dividend Plays
- Kroszner: Jobs Report, Euro Unlikely to Spur Easing
- Manufacturing May Be Poised for a Quantum Leap
- Why It’s Suddenly Exciting to Be a Yahoo Shareholder Again
- PB&J, Mac & Cheese Step Out From Kids-Fare Shadow
- Ackman: JCPenney Sales Have Hit 'Bottom'
- Goldman Investment Shines Light on Solar Power
- Facebook Options Soar on First Day
- Home Prices Hit Lows, But 'We See Signs of Hope'
- Auto Sales to Really Take Off This Summer?
- JPMorgan Debacle Points to Regulatory Incompetence, Corruption
- Are You Ready for Facebook Options?
MOST SHARED
- Euro Hits 2-Year Low on Spain Debt Woes
- Romney Clinches Republican 2012 Nomination in Texas
- Australia Retail Sales Fall in April, Construction Up
- Asia’s Message to Europe: Bite the Bullet and Implement Reforms
- Home Prices Hit Lows, But 'We See Signs of Hope'
- Crude Flat, After Slipping on Spain Downgrade
- Crisis-Battered Greek Banks Set for Weak Quarter
- JPMorgan Implicated in Japan's Insider Trading Probe
- Advanced Manufacturing Could Spark Next Industrial Revolution
- Stocks to Watch: RIMM, LULU, DAL & More
MOST POPULAR
HOT ON FACEBOOK
South Korea's E-Land Says Consortium Bidding for Dodgers
Text Size 
 |
Source: Los Angeles Dodgers Dodgers in the throwback jerseys. |
South Korean retailer E-Land Group confirmed on Tuesday that it has formed a consortium to buy the Los Angeles Dodgers, and is among short-listed bidders for the storied baseball team, which local media estimate is worth $1.2-1.5 billion.
The Dodgers filed for bankruptcy protection in June last year and a sale of the franchise was announced last week. A preliminary round of bidding has been completed.
E-Land declined to elaborate on the members of its consortium, and said its potential investment in the Dodgers was aimed at diversifying into new business areas.
Yonhap News Agency reported that the clothing retailer had partnered with Peter O'Malley, a former owner of the Dodgers who signed Korean pitcher Park Chan-ho to the team in 1994, the first Korean national to become a Major League player, according to media reports.
An E-Land media official declined to comment on a media report that the company would invest $100 million in the consortium.
Unlisted E-Land recently expanded into construction and restaurants. It operates discount retail outlets and its apparel brands include Teenie Weenie, New Balance and Eblin. The group recorded an operating profit of 462 billion won ($411.3 million) for 2010 on sales of 4.6 trillion won, according to its website.
- Companies that establish sustainable principles are positioned for long-term success, says this blogger.
- Advanced manufacturing is about customization, high-precision and performance. And it’s everywhere.
- Many veterans are turning to franchising as a way to make a living once they are out of the military.
- Have you ever wished you could just quit your job and follow your dream? These people have.
- Emerging-market bulls should look to Brazil, South Africa and Russia, as well as Thailand and South Korea.
- Some beers are better than others. An annual competition chose the ones that are the best.
Data is a real-time snapshot *Data is delayed at least 15 minutes
