The troubled Los Angeles Dodgers baseball franchise has been bought by basketball legend Earvin “Magic” Johnson and a group of investors for $2.15 billion, almost double the previous high figure paid for a professional sports franchise ($1.1 billion for the Miami Dolphins three years ago).
The acquisition brings to an end a sad chapter in Dodgers history - it was bought right years ago by Frank McCourt, who is said to have essentially plundered the team’s assets to support a lavish lifestyle, sending the storied franchise into bankruptcy.
The acquisition brings to an end a sad chapter in Dodgers history - it was bought right years ago by Frank McCourt, who is said to have essentially plundered the team’s assets to support a lavish lifestyle, sending the storied franchise into bankruptcy.
- KC's View:
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This just seems like wonderful news all around - they get rid of McCourt, and they bring in a managing partner in Johnson who is a sports legend, a proven businessman, and someone with real marketing acumen.
Now, if we could just get one of the groups that did not get the Dodgers to show some interest in the NY Mets...
