Mar 28, 2012, 1:19 AM EDT
Around Los Angeles, a lot of people were rooting for the Magic Johnson group to win the bidding war for the Dodgers. Well, mostly what Dodger fans wanted was Frank McCourt out of the picture and replaced by anyone not named Jamie McCourt.
But if they got to choose a replacement, Magic was at the top of most lists — he’s a sports icon, a businessman and someone who gets the city.
Well, they got their wish.
Magic Johnson’s group won the bidding war and will get the Dodgers for a cool $2 billion. Yes, with a “B.” We’re calling it the Magic group but it is really the Guggenheim Baseball Management LLC (“GBM”) which has Mark R. Walter as the controlling partner (read: guy with all the real money), as well Warriors co-owner Peter Guber, baseball guy Stan Kasten and others. McCourt and some other investors will stay on as part owners of the valuable parking lot around the stadium. (Most Dodger fans would like McCourts seats to be out there.)
Magic had been a minority owner in the Lakers (about five percent) but sold that looking to get a larger role with another sports organization. He’s found it.
- Wednesday NBA grades: It’s LaMarcus Aldridge’s world and the Rockets have to live in it 0
- LaMarcus Aldridge ruining Dwight Howard’s chance at redemption 1
- Spurs give the ball away first, then Game 2 to Dallas 8
- Bobcats fight to the end, but Heat come away with 2-0 series lead 4
- PBT Extra: How ’bout them Wizards? 12