Per AP: Dodgers To Be Sold to Magic Johnson's Group

[Viva Medias B's]

Per the AP, through a breaking news push notification on my iPhone, the Los Angeles Dodgers will be sold to a group that includes Magic Johnson.

[thomas35forever]

Wow. This guy knows how to make purchases.

[SoxSpeed22]

This is not only great for the Dodgers, but great for Los Angeles. Magic has done pretty well in his post-NBA life, and I think the Dodgers will quickly turn into a top organization.

[Lip Man 1]

Actually Magic "heads-up" the group but how much he's personally invested or how much actual say he'll have in things, I don't know.

Lip

[palehozenychicty]

Originally Posted by Lip Man 1

Actually Magic "heads-up" the group but how much he's personally invested or how much actual say he'll have in things, I don't know.

Lip

According to the AP brief, Stan Kasten (former Braves, Nats exec) is also part of the group. If he's not overseeing operations, then somebody in high regard will be doing so.

It's good to see the Dodgers in proper hands. Dodger Stadium is still one of the best places to watch a game.

[thomas35forever]

Imagine NBA legend Magic Johnson one day holding the Commissioner's Trophy. It'd be like watching Wayne Gretzky parading with the Lombardi Trophy.

[doublem23]

Price tag: $2 billion



http://deadspin.com/5896984/magic-jo...-for-2-billion

[DumpJerry]

Originally Posted by doublem23

Price tag: $2 billion



http://deadspin.com/5896984/magic-jo...-for-2-billion

So, even if I had won last night's Mega Millions jackpot, I would not have been in the running. Even if I win Friday's drawing, I would get laughed at......

[Viva Medias B's]

Here's the story from the Los Angeles Times.

[gobears1987]

Originally Posted by DumpJerry

So, even if I had won last night's Mega Millions jackpot, I would not have been in the running. Even if I win Friday's drawing, I would get laughed at......

You can still buy the A's!

[#1swisher]

Originally Posted by Viva Medias B's

Here's the story from the Los Angeles Times.

The sale must be confirmed by the court by April 13 and set to close by April 30.

Jon Heyman: The inside story. The losing bidders were shocked a deal was done Tuesday night, before the auction.

http://www.cbssports.com/mlb/blog/jo...on-the-dodgers

[DumpJerry]

Originally Posted by gobears1987

You can still buy the A's!

Why would I do that to myself? Might as well flush the $$$ down the toilet.

Or, I would buy them and trade Brandon McCarthy back to the Sox for future consideration.

[Brian26]

I read earlier that the 2nd highest bid was around $1 billion or 1.1 billion. What prompted Magic's group to raise their bid by 25% and essentially double the other highest bid by going up to $2 million?

In other words, did they just overpay by almost a billion dollars by not going to auction?

[AZChiSoxFan]

Originally Posted by palehozenychicty

According to the AP brief, Stan Kasten (former Braves, Nats exec) is also part of the group. If he's not overseeing operations, then somebody in high regard will be doing so.

It's good to see the Dodgers in proper hands. Dodger Stadium is still one of the best places to watch a game.

Totally agree. My favorite NL team is the Dodgers so I am today.

[doublem23]

A bit of a local tie-in, looks like the controlling owner of the Dodgers when all the dust settles will be a local guy, Mark Walter who is CEO of the Guggenheim Partners, HQ'd in the Loop.

http://www.chicagotribune.com/busine...,5170269.story