Found March 28, 2012 on
Jerry Hairston jr.
Los Angeles Dodgers
Los Angeles Angels
Embattled Dodgers owner Frank McCourt announced this morning that he has agreed to sell the Dodgers to a group led by Magic Johnson and Stan Kasten for two billion dollars. The sale marks a record for any franchise in North America. Of course, the sale will not be finalized until April at the earliest. However, the perspective group was one of three approved by MLB, so there shouldn’t be any drama as there was throughout the process.
This announcement ends a long nightmare for the city of Los Angeles and the fans of the Dodgers. A once proud organization that had been run into the ground by a swindler. Just as if a notorious drug dealer had won the lottery, McCourt will end up clearing 900 million before taxes and his ex-wife get a bite at the apple. He came into the sale process 1.1 billion dollars in debt. For him to come out ahead in this deal is a cosmic injustice on the scale of a Greek tragedy.
According to various reports, the former Boston parking lot mogul came...
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I LOVE LA
The LA Dodgers may be in good hands. Former Lakers star Magic Johnson's group won the bidding to purchase the famed franchise.
The sports world is abuzz with the news that a Magic-Johnson fronted group broke the dang old bank in order to purchase the Dodgers for over $2 billion, which is a figure so absurd that it may as well be written like a comic strip character says cuss words.
“Yes Mr. McCourt, and our counter-offer is #!%*& dollars.”
Anyway, it’s no secret by now that Magic Johnson, while...
I’ll comment on the Orioles later in a few posts, however, I did want to mention what happened on the left coast night with the Los Angeles Dodgers.
Well, it looks like a consortium of a bunch of well-do-people led by Magic Johnson – who we all know played for the Los Angeles Lakers back in the day - and longtime baseball executive Stan Kasten came to an agreement to purchase...
It looks like Magic Johnson is making history in Los Angeles, yet again. LA Dodgers' owner Frank McCourt finally sold the team on Tuesday night, to a group led by none other than the Magic Man himself. Johnson, along with former Atlanta Braves and Washington Nationals president Stan Kasten, bought the historic LA franchise for a record $2 Billion, according to the Associated...
NEW YORK (AP) -- Los Angeles Dodgers owner Frank McCourt has announced an agreement to sell the bankrupt team for 2 billion to a group that includes former Lakers star Magic Johnson and former Atlanta Braves and Washington Nationals President Stan Kasten.
The agreement, announced Tuesday night about after five hours after Major League Baseball owners approved three finalists...
Magic Johnson became just the most recent example of a mega sports star getting involved with the business side of sports on Tuesday. Johnson, along with a number of big name investors, bought the Los Angeles Dodgers from controversial owner Frank McCourt for a sports-franchise record $2 Billion -- the previous high was $1.1 Billion for Miami Dolphins in 2009. The new ownership gives...
So I gotta admit, I've been surprised over the last 24 hours or so as I have been diving into this whirlwind of news as it relates to Magic Johnson being announced the new owner of the Los Angeles Dodgers last night. Some good, some bad, but true to life, there are always optimists and there are always pessimists. I tend to be an optimist and a realist, which is kinda both...
Magic Johnson's purchase of the Los Angeles Dodgers made headlines, and fans got excited to see "Showtime" playing a part in trying to revitalize another team from L.A. The Dodger players are excited, too. One of their players is so excited, he made a rather bold proclamation about his ability to school the five-time NBA champion at his own game. Matt Kemp told reporters...
The Los Angeles Dodgers needed a little Magic after what they endured in the past two years, which includes filing for bankruptcy and a bitter divorce between their owners. But yesterday, team owner Frank McCourt announced new owners for the team who have agreed to buy the Dodgers spear-headed by none other than Magic Johnson.
The deal was finalized just hours before the team was...
Nope, I'm not talking about Jon Barry. Of course it's Magic Johnson who was part of a group that bid a record 2 billion dollars for ownership of one of the MLB's most iconic franchises. It's a staggering sum of loot that highlights just how much of a business professional sports are these days and how insanely successful Magic has been in his post-NBA business ventures...
Yesterday we found out a group of investors that includes NBA legend Magic Johnson won the bid to purchase Major League Baseball’s Los Angeles Dodgers. With the news came expected congratulatory remarks directed towards Johnson, many to his Twitter account. Former major league player Jose Canseco was among those who reached out to [...]
As the excitement from getting out from under Frank McCourt‘s reign dies down a bit, we’ll have to start analyzing exactly what the hell just happened, both good and bad. Well, in an effort to do exactly that, Arash Markazi of ESPN Los Angeles talked to economists about the sale of the Los Angeles Dodgers
The Red Sox have found their starting shortstop, and to the disdain of many it's not Jose Iglesias. Iglesias was optioned back to AAA-Pawtucket on Tuesday, leaving the starting role to Mike Aviles come Opening Day. The decision has been heavily scrutinized by many and some are not pleased by the answer. NESN.com Red Sox beat writer Didier Morais and Nick Cafardo of The Boston...