Dodger Fans Rejoice: Magic Johnson Is Coming To Baseball

By Paul Adams

Step off that ledge Dodger fans, it’s official: Frank McCourt is no longer the owner of your team. And if this news still can’t be heard over the call of the void, then perhaps telling you that the team was purchased by Magic Johnson will grab your attention. Yes, on Tuesday night McCourt sold the squalid franchise for a global sports record $2 billion to Guggenheim Baseball Management LLC, the entity that the greatest sports icon in Los Angeles’ history will represent.

“I am thrilled to be part of the historic Dodger franchise and intend to build on the fantastic foundation laid by Frank McCourt as we drive the Dodgers back to the front page of the sports section in our wonderful community of Los Angeles,” Johnson said in a statement.

Although it’s questionable what exact foundation was laid by McCourt, the veracity of Johnson’s public statement lay in the giddiness of his voice, if nothing else. And who could question the giddiness displayed through that purchase price that GBM chucked out this week. Though the Guggenheim organization is worth over $100 billion, Guggenheim Baseball Management LLC is actually a separate company with separate investors who just happen to be top brass at Guggenheim. GBM itself is comprised of a menagerie of investors from oil companies to the entertainment industry.

Regardless, the generous price tag that came with this big-market franchise (which hopefully won’t affect the promise to lower ticket prices too much) will surely come back in the future. It certainly did for McCourt. After running a real estate business in Boston that primarily focused on parking lots, he came to Los Angeles in 2004 and purchased the team along with the 250 acres surrounding the stadium for $430 million. And after years of going through stagnant revenue and a nasty and expensive divorce case with his former wife, McCourt accrued $1.1 billion in debts.

So after nearly a decade of raising ticket prices, shying away from big name free-agent players, unethically coercing the Dodger Dog (arguably the worst hot dog in baseball) towards the hungry mouths of his loyal fans, and in 2011 allowing the franchise the worst attendance record it’s witnessed since 1992, McCourt will walk away from his cataclysmic reign over the Chavez Ravine $900 million dollars richer.

But McCourt won’t leave entirely. Part of the deal he made with GBM was that he would own half of the land surrounding the stadium for $150 million. The parking lot connoisseur simply couldn’t abandon his lifelong passion for managing immobile concrete, and will most likely play a role in the parking finances with the stadium.

As for Magic Johnson and crew, their sights are sky high and cloudless, and the hope that the City of Los Angeles can also envision what they’re envisioning: a franchise trying to exercise the demons of their past while climbing back into the World Series with a Brett Tomko-free rotation.

Paul Adams is a writer who lives in Los Angeles, follow him on Twitter @Yustomovic.

[Photo By Rafael Amado Deras]

Subscribe today!

  • This field is for validation purposes and should be left unchanged.

Must Read

How a harsh criticism turned ‘Coco’ into Pixar’s most uniquely made movie yet

Victor Landa November 17, 2017

Director Lee Unkrich was hot off the box office success and Oscar win for 2010’s “Toy Story 3” when he delved into making a movie that focused on the Mexican […]

Trump Administration Targets and then Mocks Immigrant with Prosthetic Leg

Victor Landa November 15, 2017

A 20-year-old undocumented immigrant with prosthetic leg and Deferred Action for Childhood Arrivals status has been detained by federal immigration agents and held without charges for over a month, treated inhumanely […]

More Latinas are becoming teachers and reshaping our nation’s classrooms

Victor Landa November 29, 2017

The growth of the Latino population in the United States will have a lasting cultural and intellectual impact beyond the arts, food, and celebrations. More and more, Latinas are becoming […]

As Numbers Grow, Recognizing Generations Of Latino Veterans

Victor Landa November 10, 2017

As the nation honors its veterans, government officials point to the growing numbers of Latinos in the military, while Hispanic scholars and historians remind us of the generations of Latino […]

U.S Hispanic Chamber Leader Who Has Had Turbulent Relationship With Trump May Be Ousted

Victor Landa November 22, 2017

The US Hispanic Chamber of Commerce (USHCC) is moving behind the scenes to oust its prominent president Javier Palomarez over allegations that he misused the organization’s money for his personal […]

How Indie Latinx Comic Book Authors Are Capturing the Latinx Experience

Victor Landa November 13, 2017

Back in 2010, comics creator Javier Hernandez was walking around San Francisco with his friend Ricardo Padilla when he had an idea: Why don’t they build a comics convention focusing […]

Half of Latino Immigrant Characters on TV Are Portrayed as Criminals, Study Finds

Victor Landa November 1, 2017

Define American, the immigration nonprofit founded by Pulitzer-winning journalist Jose Antonio Vargas, has released its first-ever media reference guide for writers, directors, and producers concerning Latino immigrant characters. Immigrants and […]

Could Hispanic vote push Lupe Valdez into Texas Governor’s Office?

Victor Landa December 8, 2017

Dallas County Sheriff Lupe Valdez is running as a Democratic candidate for Texas Governor after a year of speaking out on big state issues– particularly the controversial sanctuary cities ban. Experts says […]