07.04.2015 - KIC's possible investment in LA Dodgers called into question
A possible deal by South Korea's sovereign wealth fund to buy some 19 percent of the Los Angeles Dodgers baseball team could entail much risk and end in failure, market observers said Monday. The Korea Investment Corporation (KIC), which manages assets entrusted by South Korea's central bank, has been in talks to buy the stake from U.S.-based investment firm Guggenheim Partners, according to sources familiar with the matter. The KIC will make a final decision on the Dodgers investment in the near future as it recently completed due diligence, said the sources. According to the sources, the deal includes sharing profits from admissions and broadcasting rights with Guggenheim Partners and a guarantee for an annual return rate of more than 3 percent, they noted...............................................Full Article: Source
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