Thursday, June 02, 2005

Soros Joins Ledecky's Bid For Nationals

WP

Billionaire financier and philanthropist George Soros has joined Washington entrepreneur Jonathan Ledecky's bid to purchase the Washington Nationals, Ledecky said in an interview yesterday.

"The Soros family shares my belief that the Washington Nationals are a community trust that can serve as a positive platform for the economic development of the inner city," Ledecky said.

The Soros announcement is the latest in a flurry of activity in recent days as at least seven groups have filed initial bids for the Nationals with Major League Baseball, according to baseball sources. Several groups have added major partners in recent days: former secretary of state Colin L. Powell joined the Fred Malek-Jeffrey Zients group; Sallie Mae Chairman Albert L. Lord took over the William Collins-led group on Tuesday, and former Illinois senator Peter Fitzgerald became part of the Lord group.

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