clock menu more-arrow no yes

Filed under:

Dodger Sale: Michael Heisley, Owner Of Memphis Grizzlies, Newest Bidder For Dodgers

According to the L.A. Times' Bill Shaikin, current owner of the Memphis Grizzlies Michael Heisley has thrown his hat into the ring as a potential buyer for the Los Angeles Dodgers franchise, and brings his billions of dollars along with him.

Heisley, 75, is now one of 11 possible groups that could take over the Dodgers by April 30, the deadline set forth by Major League Baseball in which the team must be sold my Frank McCourt. He'll be competing against ownership groups with the likes of Magic Johnson and Joe Torre.

Heisley purchased the then-Vancouver Grizzlies back in 2000, promising to do "everything in my power to make this franchise a success in Vancouver." He wound up moving the team to Memphis a year later.

Heisley has also considered bidding on the Chicago Cubs and Minnesota Vikings in the past according to one source.

Heisley's net worth was estimated at around $1.5 billion last September by Forbes Magazine. His Chicago based company controls over 30 businesses, largely based in construction and manufacturing, and He built his empire by buying and improving struggling companies.

For more on the Dodgers sale, make sure to follow this StoryStream. For more on the Dodgers, head over to True Blue LA.