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Friday, December 2nd, 2011 at 1:40 pm  |  11 responses

Magic Johnson Wants to Buy the Los Angeles Dodgers


Having sold his stake in the Lakers last year, Magic Johnson tells the LA Times that he’s now interested in owning a piece of the city’s legendary baseball team: “Magic Johnson wants to buy the Dodgers, putting one of Los Angeles’ most beloved sports figures in pursuit of the city’s cherished baseball team. ‘I love baseball,’ Johnson told said. ‘I’ve been a Dodgers fan and gone to the park many, many times.’ Johnson would be the face of a high-powered ownership group that would include Stan Kasten, the former president of the Atlanta Braves and Washington Nationals, and Mark Walter, chief executive of Guggenheim Partners, a financial services firm that controls over $125 billion in assets. The firm is headquartered in Chicago and New York, with an office in Los Angeles. ‘Stan Kasten is my man,’ Johnson said. ‘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. The first thing I asked Walter was, ‘Do you want to win, and do you want to put money in?’ He said, ‘Absolutely.’ ‘Both guys are about building a winner and making a difference in the L.A. community.’ That Johnson has his money lined up puts him, for now, ahead of several potential bidders, including former Dodgers owner Peter O’Malley.”

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  • http://www.bulls.com Enigmatic

    …and raise ticket prices by 80%.

  • Riggs

    “The Home Run Derby is back baby!”

  • http://dodgers.com Joey E.

    we need help. for you baseball fans, ned colletti is killing us

  • sean b

    Joey E – seriously, these signings are KILLING us. But they might be because NedCo has little to work with in this situation. I really hope Magic gets this

  • http://slamonline.com Ugh

    @Enigmatic: …and cut payroll by 20%.

  • robb

    he wanted to buy the Pistons, he wants to buy the Dodgers, he wants an LA based football team. Will he actually get something done?

  • http://www.facebook.com/gametimeweezy Gametimeweezy

    ^agreed

  • http://dodgers.com Joey E.

    his best shot might be with the dodgers because there is a guaranteed auction in january(as of now) and his group has some deeeeeep pockets.

  • eZ

    Go buy the Hornets and relocate to Anaheim already!!! Better yet, let some homies pay a visit to Sterling in the deep of the night, and call him the next morning to buy the clippers!

  • eZ

    Go buy the Hornets and relocate to Anaheim already!!! Better yet, let some homies pay a visit to Sterling in the deep of the night, and call him the next morning to buy the clippers!

  • Kenny Robinson

    This could be a good move. Magic is huge in LA. He would be able to bring a different dynamic to the Dodgers. This would help to get some people in the stands and get the Dodgers back to where they belong, in the MLB title games. Good luck, Magic.

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