For the second time in the last three years, Dallas Mavericks owner Mark Cuban has fallen short in his quest to purchase a Major League Baseball team.
A couple days ago, we learned that Cuban put a bid on the Los Angeles Dodgers, who are currently for sale by current owner Frank McCourt.
Via Bill Shaikin of the Los Angeles Times, here’s the bad news for Cuban:
Seeing as how there were more than 10 opening bids placed on the Dodgers, it’s not exactly a shock that Cuban didn’t make the first cut.
We don’t know what Cuban’s bid was, but we do know that he told Shaikin back in November that he thought McCourt’s price tag was too high. McCourt has been known to value the Dodgers at anywhere between $1 and $1.5 billion.
“At that price, I wasn’t interested,” Cuban said in November.
Cuban tried to buy the Texas Rangers in 2010 but was outbid by Nolan Ryan’s group. USA Today called it a “victory” for Major League Baseball, as the league blocked Cuban from buying the Chicago Cubs and likely would have been slow or even unwilling to accept his ownership of the Rangers.
With Cuban’s bid for the Dodgers falling short, MLB is now 3-for-3 against Cuban.
There are a lot of Dodgers fans out there who are going to be disappointed with this news. Cuban may not be well-liked by the higher-ups in the league office, but he’s a fan favorite.
The good news for these same Dodgers fans, according to Shaikin, is that Magic Johnson and Joe Torre are still in the running, as is hedge-fund mogul Steven Cohen.
So when this thing is all said and done, somebody with a lot of money is going to own the Dodgers. That should be music to the ears of the franchise’s fans.
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