Fans in Dodgerland were full of joy a week ago when it was announced that Magic Johnson and his group were chose from a group of bidders to purchase the Los Angeles Dodgers. It seemed like a slam dunk for the former Laker, but there is growing concern among Major League owners about some pretty major details that have yet to be revealed from Johnson and the Guggenheim Baseball Management.
Tom Verducci of Sports Illustrated describes it here:
Major League Baseball officials have expressed concern that Guggenheim Baseball Management, the winning bidders for the Los Angeles Dodgers, has been slow to produce the details of the bid and the structure of its management team, according to several sources familiar with the sale process.
Several individual owners have joined baseball officials in questioning why the Guggenheim group, led by Mark Walter, Stan Kasten and Magic Johnson, has not filed a more detailed Purchase and Sale Agreement more than a week after the group was selected from among three finalists by Frank McCourt, the outgoing owner who is selling the club through U.S. Bankruptcy Court.
What is important to keep in mind is that the owners and MLB don’t have anything to do with the approval process of the sale, the courts do.
The Dodger situation is one that has been screwy since the day Frank McCourt took ownership several years ago. Who thought that one of the flagship organizations would be facing bankruptcy? But that is exactly what happened. Dealing with the court and this amount of money is a very complex process, but the owners need to just chill out and realize that everything is going to work out, and the once it has, everyone will benefit from Magic returning to LA.
Did he ever really leave?