The owner of the reigning NBA champions will not be the next owner of the Los Angeles Dodgers.
Mark Cuban was eliminated from the Dodgers’ ownership sweepstakes Friday, along with baseball executive and former agent Dennis Gilbert, according to two people familiar with the process but not authorized to discuss it.
At least eight bidders advanced to the second round Friday, including a group led by Magic Johnson and veteran baseball executive Stan Kasten and another headed by local developer Rick Caruso and former Dodgers manager Joe Torre.
East Coast hedge fund giant Steven Cohen, former Dodgers owner Peter O’Malley and St. Louis Rams owner Stan Kroenke also are believed to have advanced, as well as a joint bid between investor and civic leader Stanley Gold and the family of the late Roy Disney.
— Reported by MCT Wire / Los Angeles Times