Magic Johnson’s group buys the Dodgers

Frank McCourt, owner of the MLB Dodgers team in LA, was caught taking money from the organization and spending it on personal thing like multiple houses and much more. Frank McCourt was forced to sell the Los Angeles Dodgers on Tuesday March 27, 2012, and three different groups placed bids for the team. Magic Johnson, Mark Walter, and baseball executive Stan Kasten got together as one of the three groups and placed a $2 billion bid and now own the Dodgers. This is the highest amount to purchase a team in MLB history.

“I am truly honored to have partnered with such talented individuals and to be associated with the Dodgers organization. We look forward to building upon the legacy of the Dodgers and providing long-term stability to one of the most revered franchises in baseball,” said Walter.

Each member of this group have their own individual talents and responsibilities that help make this a great group. Johnson said that Stan Kasten is “the baseball man.” Mark Walter is said to be the controlling owner of the Dodgers. Johnson’s role will mostly be recruiting free agents with his talks and experience of winning. Johnson also plans to help bring back old Dodger fans as well as new ones. They also all plan to work together to bring this team back. Johnson said, “The Dodgers, it’s not that they need to be fixed, we need to just take them to the next level. People love this brand, they love the team, they love going to Dodger Stadium to watch a game. We just need to take them to the next level.”

The MLB Commissioner, Bud Selig believes that Magic Johnson is a good part of this group. Selig said, “I believe that a man of Magic’s remarkable stature and experience can play an integral role for one of the game’s most historic franchises, in a city where he is revered.”

Magic Johnson played for the LA Lakers for 13 years. During his NBA career Johnson won 5 championships, got 3 MVP awards. In 1991 Johnson was diagnosed HIV positive and retired. He moved on to be a great business man, and was also accepted into the NBA Hall of Fame.

Kobe Bryant, the current star of the LA Lakers, was asked how he felt about Magic Johnson being a part of the group that bought the Dodgers. Bryant said, “I’m happy for him. Everybody knows how well he’s loved in Los Angeles, and he’s started another chapter in his life, another chapter in his post-NBA career, rebuilding the Dodgers franchise.”

I believe this group will work well together to help the Dodgers get back to where they need to be. It was a good thing that Frank McCourt was forced to sell the team, but I don’t agree with the fact that he is not totally out of the picture. So far McCourt still owns part of the land (parking areas) around the arena, which will still bring him in profit. ESPNLosAndeles interviewed Walter who said, “What Frank does have is an economic interest in land, but we control the parking and all the fan experience and that’s of the utmost importance to us.” I feel that if McCourt caused the organization so much money that they went bankrupt and he was forced to sell, then he should have to sale it all. I don’t agree that McCournt should be allowed to own anything that brings in money from the team.

Resources:

http://www.grantland.com/blog/the-triangle/post/_/id/22321/state-of-the-dodgers-crime-does-pay

http://espn.go.com/los-angeles/mlb/story/_/id/7747476/los-angeles-dodgers-sale-magic-johnson-praised-deal-dissected

http://espn.go.com/los-angeles/mlb/story/_/id/7745566/los-angeles-dodgers-selling-team-magic-johnson-group-2b

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