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Thread: Report: Magic's Group To Buy Dodgers

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    B/S Leader Trendy Bastard's Avatar
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    Dodgers Report: Magic's Group To Buy Dodgers

    Report: Magic Johnson’s group to buy Dodgers | HardballTalk

    It’s Showtime.

    Details are scarce at the moment, but Ken Gurnick of MLB.com reports that the Dodgers have reached an agreement to be sold to the group led by Magic Johnson and longtime MLB and NBA executive Stan Kasten.

    MLB owners had approved the groups led by billionaire hedge-fund manager Steve Cohen and St. Louis Rams owner Stan Kroenke, but outgoing owner Frank McCourt has apparently identified Johnson’s group as the winning bidder. No word yet on the exact terms, but most estimates had the sale price to exceed $1.5 billion, which would establish a new record for an American sports franchise.
    LeagueTeamRecordWild CardDivisionPennantsTitles
    MSLKansas City Royals (NYY/TB)3611-351711487
    TBLCleveland Indians1084-6982521
    HSLChicago Cubs2071-17641941

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    Future PGA Tour Golfer DirtyKash's Avatar
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    Re: Report: Magic's Group To Buy Dodgers

    That is a shitload of money.

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    B/S Leader Trendy Bastard's Avatar
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    Re: Report: Magic's Group To Buy Dodgers

    My first thought, aswell. I'm sure Dodger fans are relieved though.
    LeagueTeamRecordWild CardDivisionPennantsTitles
    MSLKansas City Royals (NYY/TB)3611-351711487
    TBLCleveland Indians1084-6982521
    HSLChicago Cubs2071-17641941

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    Re: Report: Magic's Group To Buy Dodgers

    I'm glad it was Magic's group that won it. It just makes for a better sports story.

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    Furcals Designated Driver realmofotalk's Avatar
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    Re: Report: Magic's Group To Buy Dodgers

    Quote Originally Posted by DirtyKash View Post
    That is a shitload of money.
    Hope McCourt buys the Mets or the Padres with his newfound billions.

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    Re: Report: Magic's Group To Buy Dodgers

    Nope, just looks like he is going to buy the land around the stadium.

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    Re: Report: Magic's Group To Buy Dodgers

    Totally weak, they should find a way to make a restraining order against him being allowed near anything baseball related.

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    Administrator HollywoodLeo's Avatar
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    Quote Originally Posted by realmofotalk View Post
    Hope McCourt buys the Mets or the Padres with his newfound billions.
    The purchase would be post-divorce so they wouldn't face the same drama.And at least McCourt wouldn't be buying the team on layaway like Moorad is, so I almost think I'd prefer that to our actual situation.

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    Re: Report: Magic's Group To Buy Dodgers

    Quote Originally Posted by HollywoodLeo View Post
    The purchase would be post-divorce so they wouldn't face the same drama.
    I think we both realize it wasn't the divorce that took the organization down, even though the drama was a bitch. The divorce was only the mechanism which forced the McCourts to face reality of their debt crisis and accelerate the cleansing process.

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    Furcals Designated Driver realmofotalk's Avatar
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    Re: Report: Magic's Group To Buy Dodgers

    Quote Originally Posted by zodious View Post
    Totally weak, they should find a way to make a restraining order against him being allowed near anything baseball related.
    https://twitter.com/#!/ArashMarkazi/ As much as LA would like Frank McCourt to disappear, relegating him to a minority parking lot owner isn't all that bad.

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    B/S Leader Trendy Bastard's Avatar
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    Re: Report: Magic's Group To Buy Dodgers

    I don't know what's worse for LA. McCourt still owning the parking lots, or Andrew Bynum taking three point shots..
    LeagueTeamRecordWild CardDivisionPennantsTitles
    MSLKansas City Royals (NYY/TB)3611-351711487
    TBLCleveland Indians1084-6982521
    HSLChicago Cubs2071-17641941

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    Re: Report: Magic's Group To Buy Dodgers

    McCourt won't build a damn thing on the lots. If he ever could develop land into anything more than parking lots, he'd never traded that Boston waterfront yard for Dodger ownership.
    Last edited by realmofotalk; 03-28-2012 at 04:22 AM.

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    Stoners are worthless padrefanforever's Avatar
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    Re: Report: Magic's Group To Buy Dodgers

    I heard a rumor it's more like $2b and that included the lots ???
    Bring back the Chicken !!

    Play Ball at Planet Padres

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    Re: Report: Magic's Group To Buy Dodgers

    The Dodgers sold for $2.15 billion, the world record price for a sports franchise, Bill Shaikin of the LA Times reports (Twitter links). The Cubs had set the previous record for an MLB team with a sale price of $845MM. The new deal allows the incoming ownership group to control parking lots for games, but Frank McCourt and the new group will jointly pursue any development of the lots.
    Develop some lights and security in the parking lots and make McCourt pay for it.

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    Furcals Designated Driver realmofotalk's Avatar
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    Re: Report: Magic's Group To Buy Dodgers

    BillShaikin: Source: Dodgers deal is all cash, no financing. MLB review will be formality because of no debt added to team liabilities.



    Interviewer: Write your check yet, guys?
    Rich White Guy #1: When you're rich, you don't write checks.
    Interviewer: If you don't write checks, how do you pay Frank McCourt?
    Rich White Guy #2: Straight cash, homey.
    Interviewer: Were you upset about the price?
    Rich White Guy #3: Nah, 'cause it ain't shit. Ain't nothin' but 2 billion dollars. What's 2 billion to us? It ain't shit.

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