LOS ANGELES (AP) — Frank McCourt has reportedly been offered $1.2 billion for the Los Angeles Dodgers in a bid that would get funding from Chinese government-owned investment banks.
The Los Angeles Times (http://lat.ms/r9r0Gg) reported Thursday that it has learned the contents of a letter to McCourt about the bid that’s being headed by Los Angeles Marathon founder Bill Burke.
The bid terms call for an all-cash payment to buy the Dodgers, all real estate related to the team and the team’s media rights.
It says the money would come from “certain state-owned investment institutions of the People’s Republic of China” as well as unidentified American investors
