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Mark Cuban, Magic Johnson trying to buy MLB’s Dodgers

Jan 25, 2012, 5:31 PM EDT

Magic Johnson Getty Images

Here’s the consensus in Los Angeles — whoever buys the Dodgers will be an upgrade over the previous owner. So long as you don’t need to use the franchise as an ATM machine and run it into the ground while being a public spectacle, you’re an upgrade.

An auction of the Dodgers as part of an ugly divorce process is taking place and a couple prominent NBA players are trying to be that upgrade, reports the Los Angeles Times.

One is Mark Cuban, the Mavericks owner who was deep into bidding on the Texas Rangers before losing to a group led by Nolan Ryan. He has said there is real value in the Dodgers franchise, but that he learned lessons from the last process and would not overbid.

But he is not the preferred favorite son — Magic Johnson is. Magic has bid along with longtime baseball executive Stan Kasten and money man Mark Walter. Magic Johnson sold his minority share in the Lakers last year looking to take a larger role in another professional sports team. Living in Los Angeles, I would say this is largely the bid favored by fans because it has someone who gets sports and Los Angeles, a baseball guy and is well financed.

In the end what the fans want will be moot — money will talk. The final sale process is expected to be around $1.5 billion.

These are the initial bids and all we know is that more than 10 came in. The MLB and Bud Selig will spend the next month pairing the bids down to 10. Outgoing owner Frank McCourt will pick from there. McCourt wants to keep the parking lot (the valuable real estate) around the stadium, but no ownership group worth its salt would let him keep that asset and revenue source, or want him around the team in any way.

  1. jerseyfinatic - Jan 25, 2012 at 5:40 PM

    What is “by?” I understand if you don’t proofread the article but the Actual HEADLINE. SMH

  2. donttazemebro - Jan 25, 2012 at 5:44 PM

    I’m thinking they should merge up and be coowners.Bith have the capital and the Dodgers would be primed to return to greatness.

    • stadix093 - Jan 25, 2012 at 6:50 PM

      But I hate Cuban for messing over the Lakers by crying about the cp3 deal. I want my Dodgers to have no part of that cry baby.

      • donttazemebro - Jan 25, 2012 at 9:24 PM

        that was more Dan Gilbert and his love letter to Stern.Im ok with Cuban being owner because you know he’ll spend the money.He already acts like a Hollywood big shot already so he’ll for right in.

      • rogerarrieta - Jan 25, 2012 at 9:28 PM

        Speaking of crying, are you still crying over the cp3 deal? Last I checked David Stern is the Commissioner of the NBA not Cuban. Second if Cuban is the man to bring the Dodgers back to Glory, then Awesome, if its Magic Awesome as well.

  3. blurryvisi0n - Jan 25, 2012 at 8:50 PM

    I think you mean buy.

    • Kurt Helin - Jan 26, 2012 at 12:56 PM

      Quickly fixed typo, thanks.

  4. football44136 - Jan 26, 2012 at 6:52 AM

    Hey Mark can you buy the Cleveland Indians please

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