Explaining Southern California's economy

Caruso and Torre: An LA dream team wants to buy the Dodgers

Mercer 10840

Christian Petersen/Getty Images

Manager Joe Torre of the Los Angeles Dodgers watches from the dugout during the Major League Baseball game against the Arizona Diamondbacks at Chase Field on September 24, 2010 in Phoenix, Arizona.

Joe Torre won four World Series with the New York Yankees before moving to the Dodgers and clinching a pair of National League West titles. Rick Caruso has created the closest thing LA has to beloved public spaces, with his Grove and Americana shopping complexes.

Now the two men have joined forces to buy the Dodgers. The team has to be sold out of bankruptcy by April 30.

The LA Times Opinion L.A. blog sums up the state of the potential bidding war:

They join a growing list of heavy-hitting potential buyers including billionaire hedge-fund executive Steven Cohen, Dallas Mavericks owner Mark Cuban, former Dodgers stars Orel Hershiser and Steve Garvey, basketball legend and businessman Magic Johnson, and respected former Dodgers owner Peter O'Malley. As the so-called bid book went out last month from owner Frank McCourt to provide prospective bidders with information on the team's worth,  more people were announcing their interest in buying the iconic team.

Read More...