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Centerbridge could team up with Ice Cube on RSN bid

Rapper Ice Cube has received a potential boost in his effort to buy Fox’s Regional Sports Networks. The RSNs are currently up for bid as Disney who has purchased assets from 21st Century Fox was forced divest the RSNs from its portfolio to allow regulatory approval of the sale which could close in March.

Centerbridge Partners, a private equity firm is considering helping to finance Ice Cube’s bid reports Bloomberg. Disney is likely to sell the one of the 22 networks, YES back to the New York Yankees, who sold the channel to Fox in 2014 but would like to sell the other 21 networks as a unit.

Ice Cube’s competitors to purchase the RSNs include Major League Baseball. However, Los Angeles Angeles owner Arte Moreno recently expressed interest breaking off four of the RSNs and purchasing them.

Disney will have three months to sell the RSNs after its deal to purchase other 21st Century Fox assets closes.