The teams of investors vying for ownership of the Washington Nationals baseball club include a number of alternative investment players.
Just check out the lineup. One consortium is led by Frederic V. Malek, chairman of private equity firm Thayer Capital Partners. He is also lead general partner of the Washington Baseball Club, formed a few years ago to bring a major league baseball team to the nation's capital. In Mr. Malek's dugout are Joseph E. Robert Jr., chairman and chief executive officer of JE Robert Cos., a real estate, commercial mortgage investment and asset management firm, and former Secretary of State Colin Powell, a new strategic limited partner at venture capital firm Kleiner Perkins Caulfield & Byers.
Another team with alternative investor representation is led by Jonathan Ledecky, former co-owner of the Washington Capitals hockey team, entrepreneur and philanthropist. Mr. Ledecky is also founder of Big Train Holdco, which is expected to receive financing from the Citigroup Private Bank. He is joined by George Soros, founder of hedge fund management firm Soros Fund Management LLC, real estate developer Marc S. Cohn and private equity firm ABRY Partners LLC.
On yet another team are Los Angeles billionaire Donald Burkle, who is managing partner of private equity firm Yucaipa Cos., and Yusef Jackson, a Chicago businessman and son of civil rights and political leader Rev. Jesse Jackson.
So far, all the players are keeping mum.
At least nine groups in all deposited $100,000 each for the right to bid on the ball club. Earlier this month, Commissioner of Baseball Bud Selig told reporters that Major League Baseball plans to make a selection this summer. And will the price tag end up in the sky boxes? So far, the figure thrown around home plate is upward of $350 million.