Business
Magic Johnson announces bid for Dodgers
Friday, December 2, 2011
Earvin “Magic” Johnson
Magic Johnson announced Friday that he had joined forces with Guggenheim Baseball Management, an arm of a financial services firm that controls more than US$125 billion in assets, in hopes of buying the Dodgers.
With Johnson serving as the point man for a group that will be backed by the prestigious Guggenheim brand and led by respected veteran baseball executive Stan Kasten, it’s a potential dream team.
The complete list of bidders hasn’t emerged, but at this early point it would be difficult to find a group with a stronger combination of deep pockets, a deep Los Angeles connection, and deep affection for the Dodgers.