Patrick Soon-Shiong Eyes $10 Billion Dodgers Bid as Mark Walter Faces Federal Probe
Updated
Updated · Los Angeles Times · Aug 21
Patrick Soon-Shiong Eyes $10 Billion Dodgers Bid as Mark Walter Faces Federal Probe
3 articles · Updated · Los Angeles Times · Aug 21
Summary
Patrick Soon-Shiong said through a representative he would lead an investment group for the Dodgers if Mark Walter decides to sell, though his camp said it has not spoken with Walter.
Federal investigators and insurance regulators are examining transactions involving Walter-controlled insurance companies, and the resulting cash crunch has fueled industry speculation about whether he may need to sell assets.
Stan Kasten said Friday the Dodgers are not for sale, even after Walter agreed last week to sell the Lakers at a $12.5 billion valuation.
Industry insiders told the Los Angeles Times the Dodgers could fetch $10 billion to $13 billion, far above Walter's $2.15 billion winning bid in 2012 and well beyond the $3.9 billion Padres sale completed this week.