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Dodgers sale: No sneaky pre-deal with Time Warner by new owners

Dodger Stadium

Grant Slater/KPCC

It doesn't say Time Warner Cable.

I caught wind of some rumors about a week ago that the Dodgers' new owners, Guggenheim Baseball Partners, led by Magic Johnson and Guggenheim Partners CEO Mark Walter, might have done a sort of pre-deal with...somebody for the team's future broadcast rights. It appears that the rumor was just that. Here's Bill Shaikin from the L.A. Times (note than Fox has the current broadcast deal):

Under its settlement with the Dodgers, Fox had the right to challenge any sale in which rival Time Warner Cable was involved. The Dodgers already had told the court that TWC was not involved, but Fox asked for assurances from the new owners.

According to Thursday's filing, the new owners would state for the court record that TWC is not directly or indirectly funding the purchase of the Dodgers and that no "formal or informal agreements have been reached with TWC to telecast [Dodgers] games for the 2014 MLB season or beyond." U.S. Bankruptcy Judge Kevin Gross would then include that language in his order approving the sale.

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Dodgers bidding begins today!

LAPD Takes Over Security At Dodgers Games After Attack On Giants Fan

Kevork Djansezian/Getty Images

There's been plenty of speculation about who might buy the Dodgers out of bankruptcy. But today's the day that the bids are going to start coming in. This is a "soft" deadline, meaning that yet another rich guy who wants to buy the team could still put in a bid. But at this point we have a fair idea of who the major players are likely to be.

The Dodgers could sell for anywhere from $800 billion to $2 billion, based on reported speculation. At the LATimes, Bill Shaikin does the math and concludes that Dodgers owners Frank McCourt is on the hook to various creditors and his impending ex-wife for just north of $1 billion. So a we're probably talking about a sale price of around $1.5 billion. 

Here's how the sale process will work. McCourt and Blackstone Advisory Partners will take the initial bids. They expect 20, and Major League Baseball says it will consider 10. However, given that there's only a few months between now and April 1, when it's anticipated that McCourt will announce a winning buyers, there probably won't be that many.

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