Are the Los Angeles Dodgers better off with Magic Johnson or Mark Cuban as the new team owner? Sources say that both men have put teams together to try and buy the Dodgers, but which group would be better for the fans and the city?
Johnson says that he has always been a baseball fan and that he loves the Dodgers, having been to many games, according to him. He is an icon in Los Angeles, having won multiple titles with the Lakers before having to retire early once it was revealed that he contracted HIV over 20 years.
Unfortunately, not everything that Johnson touches turns to gold. It sort of more tarnishes.
But his group reportedly includes former Atlanta Braves and Washington Nationals president Stan Kasten, who did a wonderful job building the Braves into a perennial World Series contender. He also has recruited Mark Walter, chief executive of Guggenheim Partners, a financial services firm that controls more than $125 billion in assets. The firm is headquartered in Chicago and New York, with an office in Los Angeles.
Could Johnson bring a little magic back to the Dodgers?
But Johnson is not alone in attempting to buy the Dodgers from Frank McCourt, who had to file for bankruptcy following a messy divorce from his ex-wife, Jamie.
Dallas Mavericks owner Mark Cuban is also planning on bidding for the Dodgers, although his previous attempts to purchase a MLB organization have failed. Cuban looked into buying the Chicago Cubs ad Texas Rangers in the past, but was shot down on both occasions. Although he wants to own a franchise, regardless of what has happened in the past, the Dodgers may not be the smartest choice for Cuban to purchase because of the financial mess caused by McCourt.
Aside from Cuba and Johnson, other groups attempting to come up with enough money to bid for the Dodgers include ones being headed up former Dodgers’ owner Peter O’Malley, as well as one from former Dodgers’ players including Steve Garvey and Orel Hershiser.
The sale is expected to take place within the coming months.