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[TRUE BLUE LA] S. Korean investors reportedly want to buy 20 percent of Dodgers

January 22, 2015

 

South Korean pitchers Ryu Hyun-jin and Park Chan Ho have both enjoyed success with the Dodgers. Now, a group of South Korean investors want to purchase 20 percent of the team. (AP)

South Korean pitchers Ryu Hyun-jin and Park Chan Ho have both enjoyed success with the Dodgers. Now, a group of South Korean investors want to purchase 20 percent of the team. (AP)

[TRUE BLUE LA] — A group of South Korean investors are reportedly in talks to purchase roughly 20 percent of the Los Angeles Dodgers, per reports from Korea Joongang Daily and Naver Sports. It is unclear exactly how far along these negotiations have progressed, though any sale would have to be approved by MLB.

The reports estimate that the group so far has raised $370 million (400 billion won), which is less than one-fifth of the purchase price three years ago.

“The consortium [of Korean investors] was formed when one of the five joint owners tried to sell his shares,” a financial investment official told Kang Byong-Chol of the Korea Joongang Daily. “The deal is expected to be worth about 400 billion won, which is 20 percent of the total cost three years ago, and is set to be concluded before the season starts in April.” [READ MORE]