Well, maybe the headline is a little too sensational. It's not like Jon Heyman was embedded with the investment group, or doing some sort or Tom Wolfe-ish New Journalism feature. But he did talk to people, which is more than you or I have done. And he gives some of the details on the Los Angeles Dodgers/Magic Johnson/assorted billionaires deal:
The losing bidders surely were shocked a deal was done Tuesday night, before the auction. But even at auction, the others weren't expected to get close to $2 billion, and Cohen has told folks since that he wouldn't have gotten there. "No one was going near $2 billion,'' one person familiar with the process said.
The story explains one thing that was bugging me since last night, too. There was an auction scheduled for Wednesday, but the sale was announced on Tuesday. Where did the auction go? The Johnson/Kasten group offered so much money, McCourt and MLB didn't even bother with one.
In the movies, the auction goes on for a bit, but then there's a guy who says "One million dollars" from the back of the room, and everyone gasps and turns around to look. This is like that except there wasn't an auction and it was more like two thousand one hundred fifty millions.