A source has told the LA Times this weekend that the family of the late Roy Disney is planning to be an active bidder for the LA Dodgers.
Roy Disney was a longtime senior executive for The Walt Disney Company, which his father Roy Oliver Disney and his uncle Walt Disney founded. At the time of his death he was a shareholder (more than 16 million shares or about 1%), and served as a consultant for the company and Director Emeritus for the Board of Directors.
The family of the late Roy Disney has partnered with [Stanley] Gold, entrusting the man who runs the family investment firm to lead the charge for the Dodgers and try to restore prominent local ownership to the team.
The partnership was disclosed Saturday by a person familiar with the bid but not authorized to discuss it. Neither Gold nor any member of Roy Disney’s family would comment Saturday, spokesman Terry Fahn said.
With a star-studded and deep-pocketed roster of bidders that could feature the likes of Magic Johnson, Joe Torre, Mark Cuban and Peter O’Malley, outgoing owner Frank McCourt appears to believe the Dodgers can sell for at least $1.6 billion.[VIA LA Times]
The Walt Disney Co. owned the Angels when they won the World Series in 2002, then sold the team the next year for a good profit. The Roy Disney purchase of the Dodgers would therefore be the second time members of the Disney family hold ownership in the MLB. Roy Disney’s family would be purchasing the Dodgers as a private investment if they were the successful bidders.