| Efforts by South Korea’s sovereign-wealth fund to buy a minority stake in the Los Angeles Dodgers have helped put the Major League Baseball team’s ownership in play, said people with knowledge of the situation. “A number of organizations have expressed an interest in investing,” said a person close to the Dodgers, adding that “as of this point, none have gone beyond the point of discussion.”
The talks come at a time when private-equity practitioners and sovereign-wealth funds are increasingly interested in owning major-league sports franchises. Lucrative broadcast rights, merchandising opportunities, sponsorship revenue, and prospects to expand the teams’ presence in Asia help drive demand for such deals...............................................Full Article: Source |