UNDATED (CNN) -- There's almost nothing more traditionally American than baseball. And in the 150 years of professional baseball in the U.S., very few teams have a more storied history than the Dodgers, first in Brooklyn, then in Los Angeles. But now, the Dodgers are up for sale.
The new owner could be a giant South Korean company. Baseball is one of the most popular sports here in South Korea and the L.A. Dodgers is certainly a well-known team. It's the team that Park Chan Ho played for in 1994. He was the first-ever South Korean to actually play in a major league game.
So, with the L.A. Dodgers now up for sale, South Korean retailer E-Land has confirmed that it's pulled a consortium to take part in the bid. But, at this point, that's all it's willing to confirm. It's not known who else is apart of this consortium.
Now, this is a very high-profile deal, and it has generated a huge amount of interest in baseball. Local media here in South Korea are estimating that this deal could be worth something like $1.2 to $1.5 billion.
Now, E-Land as a company itself has suddenly been aggressive in recent years and tried to branch out from retailing, investing in restaurants and also in fashion. And, if it was successful in this bid, it would certainly enhance its brand power in the United States, and also in L.A., where the Korean-American population is significant.