POLITICS/BASEBALL: Dodgers, sale of minority ownership share to South Korean investors?: "Dodgers said to be in talks to sell minority share to South Korean group" ....
* Los Angeles Times: "Dodgers said to be in talks to sell minority share to South Korean group" - From the LAT:
The Dodgers are in negotiations to sell a minority ownership share to a group of South Korean investors, a person with direct knowledge of the discussions said Thursday. There is "zero" chance the Dodgers' owners would surrender control of the team in the deal, said the person, who spoke on condition of anonymity because the talks have not been confirmed publicly. The person said the talks were "progressing" but otherwise declined to characterize how advanced the negotiations might be or handicap the chances of reaching a deal.
None of the Dodgers' five individual investors — controlling owner Mark Walter and partners Todd Boehly, Bobby Patton, Peter Guber and Magic Johnson — would sell his share as part of the deal, two people familiar with the matter said.
The Korea Joongang Daily, one of two South Korean newspapers that first reported the talks, said the investment group hoped to buy 20% of the Dodgers for about $370 million, which would value the Dodgers at $1.85 billion. Boehly told the Los Angeles Times in December 2012 that Guggenheim Baseball valued the Dodgers at $3 billion. Boehly also told The Times then that Guggenheim Baseball had discussed ownership investments by what he called a "strategic partner" from Mexico and/or South Korea. Those talks did not result in any deals.
Any party joining the Dodgers' ownership group would have to be approved by Major League Baseball. The league does not prohibit foreign investors. A league spokesman declined to comment Thursday, referring questions to the Dodgers ..................