Dr. Burke, Chinese Investors Offer $1.2B To Buy Dodgers

CBS Sports
C. Trent Rosecrans

LOS ANGELES – Frank McCourt has been offered a record $1.2 billion for the Dodgers, the Los Angeles TImes’ Bill Shaikin reports.

The bid is led by Los Angeles Marathon founder Bill Burke and is also funded in part by Chinese investors. Burke would not comment when reached by Shaikin. Steve Surgerman, a McCourt spokesman, also declined comment.

The bid from Burke’s group would be an all-cash deal for the team, all its real estate and the team’s media rights. McCourt, reportedly, has hoped to keep Dodger Stadium and its parking lots if the team is sold.

According to the letter obtained by the Times, the offer expires in 21 days and would hope to close the deal within 90 days and be subject to approval from both the bankruptcy court and Major League Baseball.

Some of the money would come from “certain state-owned investment institutions of the People’s Republic of China,” in addition to other investors.

Two years ago the Rickettts family bought the Chicago Cubs for $845 million from the Tribune Company, setting a record for the highest price tag on a big league team.

Comments

One Comment

  1. Shiggity says:

    Don’t sale with Chinese investors involved. I back McCourt for the no sale on this one. Keep the team with non foreign owners

    1. harold says:

      Don’t sale with Chinese people???? Or you mean don’t sell to Chinese people..
      At least we Chinese could write and drive!!!!!!!!!!!

      1. Joe says:

        lol! Chinese people can’t drive for beans. Had one hit me 3 months ago and then he lied about what he had done. So, he may as well have been uninsured. (Be careful in Hacienda Heights. Every bit as dangerous as Monterey Park!)

        No integrity whatsoever and must not believe in karma.

        By the way, you should have written “can”, not “could”. So, you can’t write or drive! LOL!!

    2. weird says:

      I thought this was the FREE MARKET. Someone has to step in if no one domestic would.

    3. warren says:

      so from your one case, you can generalize about 1.5 billion people …

  2. Jorge says:

    The Chinese are taking over.

  3. Phiilip says:

    At least the Chinese have some culture and dignity. Frank..please sell, then get the hell out of town!

    1. Joe says:

      But they can’t drive.

      1. W says:

        i guess everyone whose name is Joe is an idiot since one can make generalization about 1.5 billion people based on just one person’s experience

  4. Igor Doublebubblevich. says:

    Move this boring event to Mexico City, mexicans love baseball and bullfighting, need a NFL team here.

  5. ginny says:

    As much as I would love to see McCourt out of town for good, in NO WAY should there be a sale that is tied to any Chinese Government entity! This is just plain insane.

    1. TREASON FOR ANY REASON says:

      why not? cuz theyre smarter?…republican spotted!

      1. ginny says:

        Sorry Treason, I’m not a republican so your ‘spotting’ radar iis failing you.

  6. TREASON FOR ANY REASON says:

    SELL AND DONT LOOK BACK!!!…REGARDLESS WHO OWNS THE TEAM, THE DODGERS WILL ALWAYS HAVE A BIS @SS FOLLOWING…FROM YOUR CHOLOS IN THE HOOD TO YOUR FRENCH POODLE CROWD…GO ANGELS!!!

  7. rich says:

    fu%^ it sale and run get the money and go clearly the man has no business sence or he would never have been this messed up money wise im not so fond of the china part either but its a hellva deal i would take it and go

    1. breakupATT says:

      …to scool and lurn you sum letturz?

  8. bugman says:

    China owns us and now trying to buy the Dodgers!!!love to see made in Japan again,not cr!p. Thank you to our government !!!

  9. W says:

    US should just print a lot of money to pay back the Chinese .. that way, we devalue our money like they are manipulating their currency … and then we’ll be even ….

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