By Ross Newhan
Dennis Gilbert, the former player agent, Los Angeles philanthropist and long-time Dodger season ticket holder who is also an advisor to Chicago White Sox owner Jerry Reinsdorf, has not qualified for the second round of bidding in the sale of the club being conducted by Blackstone Advisory Partners, multiple sources not authorized to speak publicly on the subject told this writer Friday night.
The popular Gilbert, who was runnerup in the recent bankruptcy sale of the Texas Rangers, was not one of at least eight investment groups notied by Blackstone on Friday that they have qualified to move on to the next round. Also eliminated, according to the sources, was Mark Cuban, owner of the Dallas Mavericks.
Gilbert had the financial support of Jason Reese and Randy Worth of Imperial Capital, but Gilbert refused comment when reached by this writer while out to dinner with his wife, Cindi, and the sources refused to speculate or elaborate on the size of his initial bid.
Three investment groups are known to be among those notified that they will be advancing to the second round. They are groups headed by Magic Johnson, Joe Torre and hedge fund magnate Steve Cohen. The latter is aligned with former deputy commissioner Steve Greenberg and Los Angeles based player agent Arn Tellem; Torre is partnered with Los Angeles real estate investor Rick Caruso, and Johnson is linked with former baseball executive Stan Kasten and Mark Walter of Guggenheim Partners.
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