Magic Johnson leads the way, picked as Los Angeles Dodgers new owner- MLB News
The Los Angeles Dodgers’ have a new owner now. After months of speculation in the media that Frank McCourt is the main culprit behind who is lingering the sale process for two years now, has finally agreed to give the ownership rights to former international basketball legend Magic Johnson and to his team Stan Kasten and Peter Guber.
“I am thrilled to be part of the historic Dodger franchise," Johnson said in the statement, sharing his jubilation with the fans and the new owners "intend to build on the fantastic foundation laid by Frank McCourt as we drive the Dodgers back to the front page of the sports section."
The group led by Magic Johnson won the bid with $2 billion setting a new record for a sport franchise’s sale worth.
“Stan Kasten is my man," Johnson told the media regarding his new partner who is "He's a winner. He's built two incredible organizations, and he's well-respected. That is what was important to me. I had to get with a winner, a guy who understands baseball inside and out."
Johnson, a former National Basketball Association and Los Angeles Lakers superstar, is an experienced businessman as well. He is running several businesses across the country and played his cards very carefully here. From start of the bidding process until getting the ownership rights, Johnson now considered a key individual to run the affairs of the franchise. Some say that for the Dodgers it is the prettiest thing happened and will play as good luck charm for them in the coming seasons as well.
On contrary to this late sale, the former owner McCourt gets a hefty amount of his share. While the League authorities including the commissioner Bud Selig is pleased the way things happened for the Dodgers in the end.
The former bankrupt franchise now will be reaching some other heights in some years. Not only the Dodgers’ roster is now feeling the sense of new responsibility, but their management also needs to fix some old bad patches for a new beginning which almost ruined this South Los Angeles baseball club.
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