Blog Entry

Magic Johnson, Mark Cuban bid for Dodgers

Posted on: January 24, 2012 5:20 pm
Edited on: January 24, 2012 9:13 pm
Posted by Ben Golliver

The Lakers legend has reportedly bid on the Dodgers (Getty Images)
The only thing longer and more boring than the NBA lockout is the ongoing sale of the Los Angeles Dodgers.

Good news: the deadline to submit bids finally passed so we just took a major step closer to the finish line.

The Los Angeles Times reports that two major figures in professional basketball -- Dallas Mavericks owner Mark Cuban and Los Angeles Lakers legend Magic Johnson -- were among the "more than 10" bidders.
Outgoing owner Frank McCourt expects the Dodgers to sell for at least $1.5 billion.

Dallas Mavericks owner Mark Cuban submitted a bid by Monday's deadline, as did East Coast hedge fund giant Steven Cohen and former Dodgers owner Peter O'Malley.

Several groups also turned in bids, including those involving Magic Johnson and longtime baseball executive Stan Kasten; Los Angeles developer Rick Caruso and former Dodgers manager Joe Torre; Los Angeles investor Stanley Gold and the family of the late Roy Disney; and former agent Dennis Gilbert and Los Angeles investors Jason Reese and Randy Wooster.
Both Cuban and Johnson have been linked to the Dodgers, a franchise that has gone through financial crisis following the divorce of the McCourts, for months. Cuban's interest goes back to at least June 2011 although he recently said that he would not bid $1 billion for the club.

"At that price, I wasn't interested," Cuban said. "I don't think the Dodgers franchise is worth twice what the [Texas] Rangers are worth."

Johnson's interest in the club dates to August 2011.

"If the Dodgers ever came up for sale," Johnson said in August, "Would I take a look at it with some other people? Of course you would look at it. Because the brand is so strong. As we speak today, they do have an owner. It's never good to talk about an organization that already has an owner. I will say this: the Dodgers brand is amazing. The O'Malley family were great owners."

Hat tip:

Since: Jun 10, 2008
Posted on: January 24, 2012 8:39 pm

Report: Magic Johnson, Mark Cuban bid for Dodgers

KLM11- I was with you on your Mark Cuban comment but, the remainder of your post forces me to ask for your medical marijuana card.

Since: Jan 24, 2012
Posted on: January 24, 2012 8:24 pm

Report: Magic Johnson, Mark Cuban bid for Dodgers

The best thing, if you are a Dodgers fan, would be an owner with professional sports ownership and background. Cuban would be the perfect fit...big ego, deep pockets, and strong desire for another championship caliber team. He would get job done.

Since: Jun 20, 2010
Posted on: January 24, 2012 7:53 pm

Report: Magic Johnson, Mark Cuban bid for Dodgers

The best thing to happen to the Dodgers would be for Mark Cuban to buy them, even better than Magic Johnson.  Pretty soon the Rams will be back in Los Angeles and LA will be a dominate presence in every major sport including the NHL.


Since: Oct 23, 2009
Posted on: January 24, 2012 7:44 pm

Report: Magic Johnson, Mark Cuban bid for Dodgers

Keep in mind that the Dodgers own their stadium and the Rangers don't, and LA is a much bigger TV market than DFW.  I'm sure Cuban could host an outdoor pre-season NBA game along with tractor pulls, monster truck rallies, professional wrestling, boxing, political rallies, and movie production, but probably not an NHL outdoor winter classic hockey game. LOL   I would say the Dodgers franchise is worth substantially more than the Rangers.

Since: Aug 4, 2008
Posted on: January 24, 2012 7:30 pm

Report: Magic Johnson, Mark Cuban bid for Dodgers

I would be glad when this process is over and there would be a new Dodger owner. I am tired of the McCourts and the shindig put on as owners. It would be a great pleasure to get rid of them.

I had a bad vibe when it was announced that they were purchasing the team. A real estate investor from MA. He must have thought the Dodgers would appreciate in value after which he could have a garage sale or a short sale.

It appears as if the Dodgers did appreciate in value as it appears as if he is getting more than he paid for the Dodgers.

I for one have a preference as to whom I would like to own the team. I would like to see Magic Johnson and Stan Kasten become the owners of the team.

Magic has a compassion for winning. He was a minority owner of the Lakers. I am pretty sure something had to have rubbed off on him from Dr Jerry Buss as to how to manage a winning sport team.

His partner has the baseball experience, being that he was a baseball executive. therefore putting them together might make for a better management team. They might bring the Dodgers back to prominence and become an elite baseball team once again.

I am not interested in Cuban becoming the owner of the Dodgers. I have nothing personal about the man. I just think he might have his hands full with the Mavs and might not devote the necessary time and funds necessary to make the Dodgers successful once again.

Torres is another I would not like to see as an owner of the Dodgers.

Steve Garvey and Orel Were suppose to be putting together a group that would purchase the Dodgers. I would like them as a second choice if Magic and his group were not able to secure the team.

Since: Nov 16, 2011
Posted on: January 24, 2012 6:35 pm

Report: Magic Johnson, Mark Cuban bid for Dodgers

What I find interesting is that the most media interest is in the bids of non-baseball personaliities-Magic and Cuban.  Other bids are coming from "investors" and the Disney family.  The only one missing is the ghost of Gene Autry who owned a baseball team also.

Outside of Stan Kasten who I think is still attached to the Washington franchise and Joe Torre who is on the team because he has great connections at MLB headquarters, are there any real baseball men involved?  See for example the ownership of the Texas Rangers.

I think Cuban was right when he said the team is not worth more than $1B, but the bidding is not on worth, but prestige, a recovering economy and the firm belief that there will never be an NFL team in LA to complete for the spirit of the fans.

Since: Dec 7, 2011
Posted on: January 24, 2012 5:46 pm

Report: Magic Johnson, Mark Cuban bid for Dodgers

interest is low at my house which one wins the dodgers. cuban is getting bored just owning the mavs. cuban kind of fits in with those kooky californians. magic johnson wanting to own a baseball team funny. it made more sense to me whan he wanted to get a a nfl franchise in losangeles.

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