The richest man in Los Angeles has joined one of the top groups remaining in the running to purchase the Dodgers.
Patrick Soon-Shiong has joined the group led by hedge-fund billionaire Steven Cohen. The alliance is the strongest indication yet of Cohen’s intention to present outgoing owner Frank McCourt with a final bid that reflects prominent local support rather than just overwhelming East Coast money.
If McCourt accepts a Cohen bid, he would be rejecting one led by local icon Magic Johnson.
Soon-Shiong is a doctor, biotech investor and philanthropist. Forbes this month estimated his net worth at $7.2 billion.