Gen. Colin Powell Joins Vernon Jordan '57 and Others in Bid to Buy Baseball's Washington Nationals

May 26, 2005

May 26, 2005, Greencastle, Ind. - Vernon Jordan, senior managing director of Lazard LLC and 1957 DePauw University graduate, is among the members of "the Washington Baseball Club, one of nine groups bidding to buy the Washington Nationals from Major League Baseball," reports the Web site of CBS News. Others in the group include former Secretary of State Colin Powell, former Fannie Mae chairman Franklin Raines, America Online founding CEO James Kimsey and former Washington Redskins player Darrell Green. Powell joined the Club yesterday.

The Associated Press story notes that the Washington Baseball Club "has been working since 1999 to bring baseball to Washington. The Montreal Expos moved to the city this season, changing their nickname to the Nationals. The franchise was purchased by the other 29 major league teams for $120 million in 2002, and Major League Baseball is expected to get more than $300 million in a sale it hopes to complete during this season. Nine potential ownership groups have paid a $100,000 deposit to enter the bidding."

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