Hedgie Steve Cohen Making 2nd Baseball Bid, Going After Dodgers?

By Murray Coleman

Hedge fund manager Steve Cohen, who earlier this year made a play for a stake in the New York Mets, is reportedly in the bidding for one of major league baseball?s most storied ? and troubled ? franchises, the Los Angeles Dodgers.

Cohen, 55, who runs the $14 billion SAC Capital Advisors LLC, is believed to be working with at least two others in the effort.

The Dodgers, who have won six World Series championships, filed for bankruptcy on June 27. Last month, Frank McCourt, the team?s owner, agreed to sell. Bids are due on Jan. 13 and could command up to $1 billion.

Guggenheim Partners Chief Executive Officer Mark Walter said this month that he was joining with pro basketball Hall of Fame member Magic Johnson to bid for the team.

Source: http://blogs.barrons.com/focusonfunds/2011/12/28/hedgie-steve-cohen-making-another-baseball-bid-going-after-dodgers/?mod=BOLBlog

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