Dodgers sale is bad news for fans
Darren Rovell, host of SportsBiz on CNBC, tweeted that he had spoken to two bankers familiar with the Dodgers situation, and that they pegged their asset value “closer to $680M,” which makes sense considering that the recent sale of the Chicago Cubs, Wrigley Field, 20% ownership of Comcast SportsNet and land surrounding Wrigley Field was recently sold to Tom Ricketts for $900 million (of which, Forbes pegged the value of the Chicago Cubs around $642 million).
What does the Dodgers’ extremely high valuation mean to fans? Well, assuming some of the new owners actually want to make money off of their investment, this should mean that parking, concessions and tickets will all go way up.
So why was the winning bid for the Dodgers so high