Magic Johnson’s Group Buys Los Angeles Dodgers

According to numerous reports, a group that includes former Los Angeles Lakers basketball star Magic Johnson will purchase the Los Angeles Dodgers for $2 billion.

I think this is a great move and will hopefully resurrect one of sports greatest rivalries with the San Francisco Giants.

From CNN:

The price tag is the most ever paid for a North American sports franchise, according to MLB.com. The group will officially acquire the team, one of baseball’s most storied franchises, after the deal is approved by the judge overseeing the Dodgers’ bankruptcy.

The team has won the World Series championship six times and, for decades, boasted an intensely loyal fan base.

But in recent years, under the ownership of real estate developer Frank McCourt, the Dodgers made headlines more for its financial woes than home runs.

The team’s troubles began when McCourt and his wife, Jamie, decided to part ways. An acrimonious and expensive divorce battle followed.

Advertisements
Explore posts in the same categories: Uncategorized

Tags: , , , , , , , , , , , , , , , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: