On the surface, Steven Cohen really is the most qualified, he of multiple billions who sits squarely in the elite company as one of the Top 35 Richest People in America. He has also has enlisted Steve Greenberg, who has strong ties to MLB and Bug Selig and Arn Tellum, one of the major sports agents. Additionally he has the backing of David Geffen and Eli Broad.
Greenberg and Tellum could end up being top executives for the team. With Cohen as the owner, money would not be an issue. The other groups who are also competing for the Dodgers are not well-funded. Gilbert and Company, O’Malley, Magic Johnson, Garvey and Hershiser, and all the rest are scrambling for capital. Cohen has more money than he needs, by himself, and could undoubtedly persuade either Broad or Geffen, or both, to take a minority position with the team.
His only problem is that he runs a hedge fund which in itself, is not generally regarded as a highly “above-board” enterprise. However, some executives in his firm have been charged with criminal acts and it is rumored that his company could face legal reprisals as well. That may or not be true, but after the Mets fiasco with Bernie Madoff, MLB will be given pause when considering Steven Cohen. There is some some there, however.
It’s ironic that the best qualified potential owner of the Dodgers has baggage. Whoever heard of that? It shall be interesting to see how it pays… I mean plays out, as Cohen is the one who can most afford to overpay for the Dodgers. He’d be a slam dunk if not for that shadowy Hedge Fund…
Let’s hope there’s no fire, even if there is smoke.