Magic's Group Buys the Dodgers

The LA Dodgers were a mess last year largely due to the fact that Frank McCourt and his divorce was consuming the team's finances and leaving them handicapped. As a result, Bud Selig and MLB took over the team and eventually forced Frank to put the Dodgers up for sale. There were many groups that stepped up to offer large amounts of money for the team and it seemed that three were pre-approved. It has been made known, however, that the Dodgers have been sold. The group that won was Guggenheim Baseball Management, which included Magic Johnson and Stan Kasten, has now bought the Dodgers for $2 Billion, a record for a sports franchise. McCourt bought the whole package a back in 2004 for about $300 million and now gets a huge profit.

If you are a Dodgers fan, you must be thrilled that Magic Johnson is now going to be the face of the Dodgers. He is perhaps the most popular figure (not just for sports) for the entirety of LA. Suck it, Brangelina. He will be well received without a doubt. $2 billion seems like a lot of money. I swear, it was just a few months ago that I read that the most valued sports franchise in the world was Manchester United and the numbers fell a couple hundred million short of the Dodgers deal. Makes you wonder what other sports franchises are really worth.

I can't really wish the Dodgers well being a Giants fan. But let's face it, the Dodgers were a joke the last couple of years and no franchise deserves that. Enjoy the time in the front office, Magic.

P.S. $2 Billion for the Dodgers? Man, did they get ripped off. BAZING!!!