Larry King, the legendary talk-show host and longtime Los Angeles Dodgers season-ticket holder, is part of a group of investors assembled by Chicago White Sox executive and Beverly Hills insurance agent Dennis Gilbert in hopes of buying the club, a source confirmed on the condition of anonymity.
King, like Gilbert, is a frequent presence in Dodger Stadium's Dugout Club seats during home games. King also has been a frequent visitor to the team during spring training and occasionally on road trips.
The source said King's financial stake in the ownership group is comparatively small. The group's primary investors, the source said, are two high-ranking executives with Imperial Capital, a Los Angeles-based investment bank with offices in five other U.S. cities.
Jason Reese, Imperial Capital's chairman and chief executive officer, and Randy Wooster, the bank's president, are providing much of the financial backing for the group, although Gilbert would be the public ownership face if the Dodgers were to be sold to his group.
Gilbert is a longtime special assistant to White Sox chairman Jerry Reinsdorf.
Tony Jackson covers the Dodgers for ESPNLosAngeles.com.