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Future Dodger Owners? Steve Garvey and Orel Hershiser and their Mysterious Financial Situation

One of the most intriguing groups to buy the Dodgers is the one with former players Orel Hershiser and Steve Garvey. The group of 2 former Dodger players, World Series MVPs both of them, as well as the 1974 MVP and the 1988 CY Young award winner. But the real question is: where the hell did they get the money? I hate to say it, but there's really not much to say. There are some mysterious investors who are aligned with the group, but we may never know who they are.

Hershiser made $37.5 million as a player from 1985-2000 according to Baseball-Reference. Since then Hershiser has been an analyst with ESPN and a pitching coach for the Texas Rangers. Hershiser and his wife divorced in 2005, so $20m would be a pretty generous estimate of his net worth, assuming he invested well enough that he still had $37.5m before the divorce.

Steve Garvey has some high-profile financial problems. Forgive my pessimism, but I don't see how he's going to have really any money to his name after the past 6 years. Not much data is available for his career MLB earnings, but he did make $7.4m from 1976-1977 and 1983-1987. So assuming optimistically from 1978-1982, he might have made $6m during that time period, but it's doubtful it was that high. You could assume a high of $15m in career earnings. But still, Garvey is so deeply in debt it's unclear what he actually has. The most optimistic you could say for him and Orel combined would be $25m.

But we know one of the small partners in this group, a guy named Joey Herrick. Herrick is the president of Natural Balance Pet Foods, a 12-year-old company which brings in annual revenue of about $20-50m. And Herrick is the president of the company, not the owner or majority shareholder (from what I can tell the company is privately held). This is not a really big time company, and at most he's got maybe $10m to put in. It says he's a minority partner, but

Even if Darren Lowe of RBC Capital Markets thinks that there's enough money in this group, you won't really know who's got the money. There are a lot of partnerships that control baseball ownership groups, but they're going to have to show a lot more money to actually buy the team.

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