SEOUL (Reuters) - A consortium led by South Korean retailer E-Land is amid the small-detailed bidders vying to get the U.S. Key League Los Angeles Dodgers baseball franchise, Yonhap News Agency documented on Monday, estimating the value tag at between $1.two billion and $1.5 billion for the storied crew.
The Dodgers submitted for individual bankruptcy safety in June previous 12 months and a sale of the franchise was introduced very last week. A preliminary spherical of bidding has been completed.
The E-Land consortium was on a brief-checklist of bidders for the Dodgers, Yonhap reported, quoting an unnamed industry official.
Blackstone Team LP, which is managing the high-profile auction of 1 of baseball's oldest franchises, selected ideal bidders from amongst some of the Toronto Maple Leafs Jerseys largest names in business and sports activities to advance.
A chosen bidder is predicted to be picked in April, Yonhap reported.
An estimated twelve get-togethers lodged non-binding 1st-round bids for the crew, the very first to break the shade barrier in Main League Baseball by signing black player Jackie Robinson, who performed his initial recreation with the group on April fifteen, 1947 when the team was primarily based in Brooklyn.
The staff still left Brooklyn immediately after the 1957 period.
Robinson assisted the Brooklyn Dodgers capture their first World Series title in 1955 by defeating cross-town rival New York Yankees for the 1st time in the so-named subway sequence, a feat chronicled in the e-book, The Boys of Summertime.
Baseball is one of most well-liked athletics in South Korea, along with soccer and golf. South Korean pitcher Park Chan-ho produced his Major League Baseball debut with the Dodgers in 1994. Los Angeles also is property to a significant Korean inhabitants and the city has defined an place in the Wilshire community as Koreatown.
Resources acquainted with the make a difference instructed Reuters before that billionaire hedge fund manager Steve Cohen and ex-Yankees and Dodgers supervisor Joe Torre had obtained the green gentle, even though basketball wonderful Magic Johnson was also in the working.
E-Land executives ended up not instantly available to remark.
The unlisted retail team just lately expanded into development and New York Islanders Jerseys dining places.
It operates price reduction retail retailers and its apparel makes incorporate Teenie Weenie, New Stability and Eblin. The team recorded an working profit of 462 billion won ($411.3 million) for 2010 on product sales of four.6 trillion won, according to its website.
(Modifying by Chris Lewis and Ed Lane)
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