Only five bidders remain in the race to purchase the Los Angeles Dodgers and the largest offer so far is $1.6 billion.
According to a source, the group headed by NBA legend Magic Johnson is responsible for that offer.
Steve Cohen, a hedge fund billionaire, is still very much in the mix.
"[T]he owners were extremely impressed with the make up of Cohen's bid, according to my source, which was $1.4 billion but included an astounding $900 million of equity. There were five strong bids," writes Mike Ozanian of Forbes Magazine.
Report: Magic Johnson's Group Leads Bidding For Dodgers