1) a piece of paper that can represent big bucks with which to buy a baseball team
2) a position in chess indicating imminent victory
OK, so it’s not exactly Webster’s. Nevertheless, “check” seems to be the operative word now that, according to Bill Shaikin of the Times, Los Angeles multibillionaire Patrick Soon-Shiong has joined the ownership group of the richest man in the running for the Dodgers, Steven Cohen.
… Soon-Shiong would be the owner of an undetermined minority share of the Dodgers, the people said. Cohen had submitted a bid under which he would own 100% of the team.
The new bid, if successful, would put the Dodgers in the hands of primary investors worth more than $15 billion.
Soon-Shiong, 60, is a doctor, biotech investor and philanthropist. Forbes this month estimated the net worth of Cohen at $8.3 billion and Soon-Shiong at $7.2 billion.
Cohen last fall retained Populous, a prominent sports architecture firm, to recommend improvements to Dodger Stadium. Cohen is prepared to commit close to $2 billion to buy the Dodgers and renovate their stadium without financing any of that amount, according to a person familiar with the sale process.
Tim Leiweke, the president and chief executive of AEG, said he has met with Cohen to discuss the Dodgers. Leiweke is familiar with Soon-Shiong because of his investment in the Lakers.
“We both agree Steve would be a great owner,” Leiweke said. “He has the resources. He certainly has the passion to do it.
“He certainly gets the commitment it’s going to take with the team and the stadium.”
Leiweke said AEG has rejected overtures to join a Dodgers bidding group but would be willing to cooperate on stadium rehabilitation. …
With under two weeks to go until we’re supposed to hear a decision, it seems more and more likely that we’ll need to get to knowin’ Mr. Cohen.