Blog Entry

Magic Johnson wants to buy the Dodgers

Posted on: December 2, 2011 2:36 pm
 
Magic Johnson

By C. Trent Rosecrans


At the very least, the Dodgers will have no shortage of famous names looking to own the team, as basketball Hall of Famer Magic Johnson announced on Twitter that he has teamed with Mark Walter and former Braves and Nationals president Stan Kasten to make a bid on the team.

Johnson tweeted this on Friday:

 

Walter is the real money in the group, with Johnson and Kasten lending the star power.

Other groups interest in the Dodgers include Mark Cuban and a group including former Dodgers Steve Garvey and Orel Hershiser. Peter O'Malley, whose family moved the Dodgers to Los Angeles, has also said he wants to buy the team, too.

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Comments

Since: Mar 17, 2010
Posted on: December 5, 2011 1:34 am
 

Magic Johnson wants to buy the Dodgers

Magic's money (access to money) and Walter and Kasten know how. I would say that is a good winning combo. MLB management would be stupid not to take that trio serious. Better than that cigar named Cuban.



Since: Aug 4, 2008
Posted on: December 3, 2011 8:50 pm
 

Magic Johnson wants to buy the Dodgers

LMFAO!!!! Worry about your health 1st Magic Johnson. You cant afford the Dodgers. They would put you so far in debt...That the GM of the Magic couldn't even bail you out.

Big time finances is not for those with a high school diploma or a GED.

There are a few things in life one learn about this level of finance. Even if you could afford to fund this type investment alone, you would always want to share the risk by bringining in other investors. It matters not if Magic would be able to afford the Dodgers, he is in a position to attract those that would help him in the purchase of the Dodgers.

How many investors are you putting together to purchase the Dodgers? I did not hear you!!! you risk little so you have what you invest in. Check your 401K. What is the balance now? Still not enough to invest in and purchase the Dodgers? 

Even if the debt load became such a burden that there would be difficulties, there are tax benefits and other legal means to keep the investment afloat while you are able to reorganize and become stable again. 

I hope that the team is purchased by a local group, either Garvey and his group or Magic and his group with me being more in Magic and his group. I think he has the attitude and would want to have a winning team, therefoe he would go balls to the wall to reach his objective. He learned from Jerry Buss when he was a minority owner of the Lakers. I think some of Buss might have rubbed off on Magic as to how to run a spot team, therefore I give the experience to Magic.

Garvey's, group, though local would have a learning curve. I understand that both have played professional sports, but only the Bull Dawg have a little exerience at running a sports team.

I just hop we never get another out of area owner for any of the sports teams in the Los Angeles area again. McCourt was not the man for ownership of he Dodgers. My initial reaction to his purchase of the tean was that he would own the team for approximately  3-4 years and when he though he could make a huge profit he would sell the Dodgers.      

His wife had oher ideas.


"ONE MAN'S OPINION" 



Since: Aug 21, 2006
Posted on: December 3, 2011 6:28 pm
 

Magic Johnson wants to buy the Dodgers

Didn't any of you ever see South Park...he bathed in money...now he is cured!



Since: Oct 13, 2006
Posted on: December 3, 2011 12:49 pm
 

Magic Johnson wants to buy the Dodgers

Magic johnson could afford to buy the dodgers. He is worth 900 million and the dodgers cost 630 million. he couldn't do much else though so he does need the other investors. He would not have to be a minority investor though. I'm a nurse and magic doesn't look that bad. besides HIV is not a death sentence. People could live normal lives up to about 80 with the disease. People don't even have to be wealthy. The government subsidizes hiv medication. The problem is that people either because of shame or a lack of knowledge don't get the medication necessary skew the mortality figures. Aids is when you are HIV + and have a T-cell count below 200. People don't die of AIDS they die of the diseases that their immune systems can't fight off. Magic is fine and will be for a long time.



Since: Sep 11, 2007
Posted on: December 3, 2011 6:14 am
 

Magic Johnson wants to buy the Dodgers

Best of all worlds for Dodgers fans would be Magic's group to brimg in O'Malley. Garvey, and Hershiser.  That would add some Dodger continuity to the group and even more star power.  Would like to see Mark Cuban in the group but he's more of a lone wolf kinda guy.




Since: Mar 20, 2011
Posted on: December 3, 2011 5:33 am
 

Magic Johnson wants to buy the Dodgers

The Dodgers are in dire need of great ownership, and this sounds like a step in the right direction. Good luck to the organization, and hopefully they will end up in the hands of an owner that will turn the franchise back into a winner.



Since: Nov 14, 2006
Posted on: December 2, 2011 10:43 pm
 

Magic Johnson wants to buy the Dodgers

It will be great for the dodgers and the city of Los Angeles . Magic is a winer and the dodgers will benefit from it



Since: Apr 7, 2009
Posted on: December 2, 2011 9:11 pm
 

Magic Johnson wants to buy the Dodgers

This excites me for the Dodgers.  My grandfather was a player for the Dodgers organization when they were back in Brooklyn.  Therefore I've always cheered for the Dodgers to do well.  All of these potential buyers sound like great options!



Since: Feb 4, 2009
Posted on: December 2, 2011 8:39 pm
 

Magic Johnson wants to buy the Dodgers

Magic Johnson wants to By the LA Dodgers let him and dont stop him from doing it.And he has teamed with mark walter,and former Braves and Nationals president Stan Kasten to form Guggenheim Baseball Mgmt in pursuit of purchasing the Dodgers and dont let mark cuban and his group buy the LA Dodgers since he is from Dallas,Texas and owns a NBA team there.



Since: May 17, 2008
Posted on: December 2, 2011 6:26 pm
 

Magic Johnson wants to buy the Dodgers

Well Judging by all of the photos you see this must be on of the biggest conspiracies in the United State with every photographer for every major news outlet, not to mention TV camera operators conspiring to take only flattering photos, film and tape of Magic....judging bythe photo above at the recent MSU game they are very good at manipulating their pictures too! And tell me how they got places like the Enquirer ot TMZ, places that thrive on the "he or she is dying" type photos/stories to be in on the plan to make Magic look good?


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