Tag Archives: Magic Johnson

Comment Of The Day: Frank McCourt Is Gone, So Get Over It

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That comment on Dodger Thoughts from Terry Pruett on the ownership situation basically sums up exactly what I feel about the recent controversy. I must be the only one who couldn’t care less whether the Dodgers owners reveal their whole involvement with McCourt. — Chad Moriyama (@ChadMoriyama) May 16, 2012 Far more concerned with the trading deadline, what the front ... Read More »

Dodgers New Owners Introduce Themselves + Take Shots At Frank McCourt

Via Vin Scully Is My Homeboy

With the Dodgers finalizing the transfer of ownership from Frank McCourt to Guggenheim Partners yesterday, the new owners held a press conference today to answer questions and make statements about the state of the team. It went well. “We’re not going to gouge the fans just because we paid a nice sum for this franchise,” Johnson said, disclosing that general ... Read More »

Our Long Los Angeles Nightmare Is Over: Frank McCourt Officially Out As Dodgers Owner

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After having the sale delayed by a day, the Los Angeles Dodgers are finally, and thankfully, free from the clutches of Frank McCourt. Source: #Dodgers sale has closed. McCourt era has ended. — Bill Shaikin (@BillShaikin) May 1, 2012 With that done, now the Dodgers are going to win every World Series for the next decade, right? Well, not quite. ... Read More »

Concerns About New Dodgers Ownership Arise, But I’m Not Seeing What’s Panic Worthy

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Andrew Ross Sorkin of the New York Times recently wrote an article about the new owners of the Los Angeles Dodgers, and it wasn’t exactly flattering. Mr. Walter, along with his colleague Todd Boehly, Guggenheim’s president, appear to be living out a childhood fantasy using other people’s money, some of whom may not even realize it. In addition to their ... Read More »

Magic Johnson’s group won the Dodgers by basically making it rain cash on Frank McCourt

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Matthew Futterman (tee hee) of the Wall Street Journal has details on Magic Johnson‘s group’s winning bid on the Los Angeles Dodgers. With a bid of $2.15 billion, including the surrounding land, Mr. Johnson, controlling partner Mark Walter and partners Peter Guber, Stan Kasten, Bobby Patton and Todd Boehly beat out a group of some of the wealthiest businessmen in ... Read More »

Patrick Soon Shiong Joins Steven Cohen, Tony La Russa Is Scary, A Favorite Emerges

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The richest man in Los Angeles, Patrick Soon Shiong, has joined up with Steven Cohen‘s Los Angeles Dodgers ownership group. Patrick Soon-Shiong, the richest man in Los Angeles, has joined the Dodgers bid group led by hedge-fund billionaire Steven Cohen. The alliance is the strongest indication yet of Cohen’s intention to present outgoing owner Frank McCourt with a final bid ... Read More »

Alan Casden is out, but Steven Cohen, Stan Kroenke, and Magic Johnson lead the way

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Alan Casden will not be the next owner of the Los Angeles Dodgers, as he had his ownership bid rejected by Major League Baseball. Casden, a Beverly Hills real estate developer, was not invited to Monday’s meetings between Dodgers bidders and two committees of major league owners. The six bidding groups at the meetings: hedge-fund billionaire Steven Cohen and longtime ... Read More »

Los Angeles Dodgers Ownership Bidding Down To 7 + Frank McCourt’s Parking Lots

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Bill Shaikin of the Los Angeles Times reported earlier today that the Los Angeles Dodgers ownership sweepstakes is down to seven contestants. I would have wrote about this earlier but napping was of greater importance. Of the nine parties still in contention last week, the two eliminated Monday were Michael Heisley, owner of the NBA’s Memphis Grizzlies; and Tony Ressler, ... Read More »

Patrick Soon Shiong to be involved in ownership bid, money could make or break groups

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Bill Shaikin of the Los Angeles Times writes that Patrick Soon Shiong, long speculated to eventually attach himself to an ownership group, will indeed be involved in the process. Dr. Patrick Soon-Shiong, who could sway the balance of financial power in the Dodgers’ ownership derby, will “absolutely participate” in a bid for the team, his representative said Tuesday. Soon-Shiong, the ... Read More »

Donald Trump’s son-in-law, Jared Kushner, is a finalist in the Dodgers ownership bidding

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Bill Shaikin of the Los Angeles Times recently revealed that Donald Trump‘s son-in-law, Jared Kushner, is in the running for ownership of the Los Angeles Dodgers. Jared Kushner, born into a prominent New York real estate family and son-in-law of Donald Trump, has emerged as a candidate in the bidding for the Dodgers. The Kushner bid is one of at ... Read More »