DODGERS SALE NOT NEAR REPORT ON CHECKETTS DEAL DENIED.Byline: Brian Dohn Staff Writer
VERO BEACH, Fla. - Despite a report due in Monday's Los Angeles Business Journal that New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of businessman Dave Checketts is on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of buying the Dodgers from News Corp., sources close to the negotiations said a deal is not near.
Complicating any purchase of the Dodgers is the unwillingness of News Corp. to include Fox Sports Net or Fox Sports Net 2 in the deal, sources said.
Reached late Friday, News Corp. spokesman Andrew Butcher would not comment on the matter.
According to the upcoming issue of the Business Journal, an agreement has been reached and ``an announcement could be made within the next several weeks.'' Checketts reportedly will pay $620 million for the ballclub, Dodger Stadium and 80 percent interest in Fox Sports Net 2, which airs Dodgers games.
However, sources said a price has not been settled upon and the cable station isn't to be included. The Dodgers, bought by Rupert Murdoch's News Corp. from the O'Malley family in 1998 for $317 million, lost $40 million last season, and the inclusion of one of the cable stations could offset the deficit.
The Dodgers might not be Checketts' only target. According to sources, Checketts also is negotiating a possible deal with AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner about purchasing the Atlanta sports teams.
Checketts, the former president and chief executive of Madison Square Garden
Current arenas in the National Hockey League
Western Conference Eastern Conference , the NHL's New York Rangers The New York Rangers are a professional ice hockey team based in New York, New York, U.S.A. They are members of the Atlantic Division of the Eastern Conference of the National Hockey League (NHL). and NBA's New York Knicks, is trying to gather financial backing for his endeavor. He has less than a $100 million commitment from financier George Soros and also has commitments from two banks - J.P. Morgan Chase and Co. and FleetBoston Financial Corp. However, Major League Baseball "MLB" and "Major Leagues" redirect here. For other uses, see MLB (disambiguation) and Major Leagues (disambiguation).
Major League Baseball (MLB) is the highest level of play in North American professional baseball. frowns on debit financing transactions.