Dodgers chairman exploring AEG bid
The new owners of the Los Angeles Dodgers may not be done acquiring sports franchises.
Mark Walter, chairman of the Dodgers and chief executive of Guggenheim Partners, told the LA Times that his company is looking into whether to bid on AEG, which owns the Kings, Lakers and Galaxy.
Guggenheim paid $2.15 billion -- a record price for a sports franchise -- in May to buy the Dodgers from Frank McCourt. AEG officials have said that they expect the company to fetch between $5 billion and $7 billion.
Walter said AEG could make for a good investment because of the possible cross-marketing and sponsorship programs among the teams. But until prospective bidders receive confidential financial statements from AEG, Walter couldn't say whether it made sense for Guggenheim to bid.
"We don't know that it does yet," he told the Times. "We're looking at AEG. We're looking at a lot of companies. We certainly don't buy them all. Even if we thought it was a great company, you've got to look at it to know that."
