Larry King is part of a group of investors assembled by White Sox executive and Beverly Hills insurance agent Dennis Gilbert in hopes of buying the club, according to a source.
King, a legendary talk-show host, is a longtime Dodgers season-ticket holder.
He has been a frequent visitor to the team during spring training and occasionally on road trips.
King's financial stake in the ownership group is comparatively small, according to the source.
Source: Larry King Joins Group To Buy Dodgers