Cuban says asking price for Dodgers too steep
Mark Cuban, owner of the NBA champion Dallas Mavericks, offered to buy the Los Angeles Dodgers several months ago but pulled out of negotiations because the price was too high.
Embattled Dodgers owner Frank McCourt told Cuban the price would be in the range of $1 billion to $1.2 billion, the Los Angeles Times reported.
"At that price, I wasn't interested," Cuban said Tuesday, adding he would still be interested in buying the team if he could get a better deal.
"At the right price, I'm interested," he said. "Not if the price is over $1 billion."
McCourt is nearing a tentative settlement with Major League Baseball that would lead to him selling the team, the Times reported.
The potential deal could see McCourt sell not only the ballclub, but also Dodger Stadium and the surrounding parking lots, sources close to the negotiations said.
McCourt, who filed for bankruptcy in June as a last-ditch effort to keep MLB commissioner Bud Selig from seizing the cash-strapped franchise, would maintain some control over the final sale, which could garner a record price of $1 billion or more, according to the report.
The trial, which had been set to kick off Monday, was delayed last week by one month to reportedly clear the way for a potential settlement.
Selig declined to comment on the negotiations.
McCourt filed bankruptcy to seek approval for a proposed auction of the team's television rights package, a move the league and current rights holder FOX Sports have attempted to block.
He has vowed since April that he would not sell the floundering franchise despite Selig's appointment of an outside representative to oversee the club's day-to-day finances.
FOX Sports is owned by News Corp., which also owns NewsCore.
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