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View Full Version : Magic Johnsons Investment Group Buys The Dodgers


Chargerfreak
03-27-2012, 05:55 PM
Freak's sources tell him that the Rams owner is buying the Dodgers.
Part of the package deal is that the Rams move back to LA.
You heard it from Freak first.

BoltFanBo
03-27-2012, 06:04 PM
Freak's sources tell him that the Rams owner is buying the Dodgers.
Part of the package deal is that the Rams move back to LA.
You heard it from Freak first.

Even though I tend to agree with you there is nothing to say that that stadium could not house two teams like in NY

Chargerfreak
03-27-2012, 06:10 PM
Even though I tend to agree with you there is nothing to say that that stadium could not house two teams like in NY

Bfb respects may.authoritah!!!

JoeMcRugby
03-27-2012, 08:12 PM
Freak's sources tell him that the Rams owner is buying the Dodgers.
Part of the package deal is that the Rams move back to LA.
You heard it from Freak first.

"My source" Steve Dilbeck (the older brother of my collegiate rugby teammate Bruce Dilbeck) has differing information. He states that Kroenke, the Rams owner, is only one of 3 finalists - and the "poorest one" by far among the 3 finalists.

Who is Steve Dilbeck? Only the LA Times beat writer for the Dodgers:

http://www.latimes.com/sports/dodgersnow/

;)

Major league owners approved the three remaining Dodgers (http://www.latimes.com/topic/sports/baseball/los-angeles-dodgers-ORSPT000015.topic) bidders Tuesday, enabling Frank McCourt (http://www.latimes.com/topic/arts-culture/literature/frank-mccourt-hpc713.topic) to start an auction for the team on Wednesday.

By the time the auction is over -- late Wednesday, perhaps, or later this week -- the Dodgers are expected to be sold for a record price for a North American sports franchise.

The three finalists:

--The partnership of Connecticut hedge-fund billionaire Steven Cohen and Los Angeles biotech billionaire Patrick Soon-Shiong, with a combined net worth estimated at $15.5 billion by Forbes.

--Stan Kroenke, owner of the St. Louis Rams and five other sports teams, with a net worth estimated at $3.2 billion by Forbes.

--A group fronted by Magic Johnson and veteran baseball executive Stan Kasten and funded largely by Guggenheim Partners, a Chicago-based financial services firm that says it controls $125 billion in assets.

http://www.latimes.com/sports/dodgersnow/la-sp-dn-dodgers-bidders-20120327,0,6948077.story

Lots of hurdles before Kroenke wins the auction, including the fact that the NFL considers LA to be currently under their umbrella, meaning that Kroenke cannot own the Dodgers and the Rams simulataneously until / unless the Rams are situated in Los Angeles ... which can't occur until 2015 at the earliest should St. Louis not be able to provide them a stadium that is among the top 10 leaguewide.

Changing the title of the thread.

Charger Dodger
03-27-2012, 08:33 PM
AHHHHH HEARSAY!

I still think if we don't at least go to the Super Bowl in 2013, we will be one step closer to moving to L.A.

You heard it here first folks

chargertom
03-27-2012, 08:44 PM
Freak's sources tell him that the Rams owner is buying the Dodgers.

Part of the package deal is that the Rams move back to LA.
You heard it from Freak first.

http://farm3.static.flickr.com/2051/2272102510_9a97207945.jpg?v=0

RIPgriggs
03-27-2012, 11:13 PM
2 billion, w0w

staxxx
03-27-2012, 11:22 PM
That didn't take long.

chargertom
03-27-2012, 11:24 PM
That didn't take long.

For posts. Might be a new record. :LightsOut:

The Moekid
03-27-2012, 11:46 PM
Magic is such a boss. One of the very few pro athletes to have a hof playing career and then dwarf that by his off the court successes. Here's to magic!

Chargerfreak
03-28-2012, 03:08 AM
http://farm3.static.flickr.com/2051/2272102510_9a97207945.jpg?v=0
It didn't completely fail tom. Moving the Rams to LA was part of the package deal from the Rams owner. The Magic group of 2 billion dollars could not be beat in the bidding.

I broke the Rams move as part of the deal being offered. You did not. It's easy to put up fail pictures to posters that participate in the Chargers Message Board. What's hard is to put yourself out there.

I really hope Mods doing this to posters isn't what our forum has become.

Chargerfreak
03-28-2012, 03:10 AM
"My source" Steve Dilbeck (the older brother of my collegiate rugby teammate Bruce Dilbeck) has differing information. He states that Kroenke, the Rams owner, is only one of 3 finalists - and the "poorest one" by far among the 3 finalists.

Who is Steve Dilbeck? Only the LA Times beat writer for the Dodgers:

http://www.latimes.com/sports/dodgersnow/

;)



Lots of hurdles before Kroenke wins the auction, including the fact that the NFL considers LA to be currently under their umbrella, meaning that Kroenke cannot own the Dodgers and the Rams simulataneously until / unless the Rams are situated in Los Angeles ... which can't occur until 2015 at the earliest should St. Louis not be able to provide them a stadium that is among the top 10 leaguewide.

Changing the title of the thread.

Joe, Thank you posting the media articles in my thread. They gave some good background and information to the story. Thanks for changing the title to try to keep the changing story current.

chargertom
03-28-2012, 08:01 AM
I really hope Mods doing this to posters isn't what our forum has become.

Aww. Come on, Freak. You weren't wrong, your "source" was. I think you should reread your opening post, review how things worked out, then decide if you failed or not.

RD1040
03-28-2012, 08:29 AM
LA Times Magic Johnson-led group is picked as Dodgers' next owner (http://www.latimes.com/sports/basketball/nba/lakers/la-sp-0329-dodgers-magic-20120329,0,5012740.story) By Bill Shaikin and David Wharton March 27, 2012, 10:45 p.m.

A group led by Lakers legend Magic Johnson emerged Tuesday night as the new owners of the Dodgers, ending months of uncertainty for the storied but troubled baseball franchise.

chopper31
03-28-2012, 08:32 AM
It didn't completely fail tom. Moving the Rams to LA was part of the package deal from the Rams owner. The Magic group of 2 billion dollars could not be beat in the bidding.

I broke the Rams move as part of the deal being offered. You did not. It's easy to put up fail pictures to posters that participate in the Chargers Message Board. What's hard is to put yourself out there.

I really hope Mods doing this to posters isn't what our forum has become.


C'mon Freak, you know the mods are posters too, in addition to being volunteers that help this site run. If I posted that pic, would you feel the same way :confused:

As an innocent bystander (like I usually am ;) ), I saw nothing but a good natured jab. Your original title was "Chargers not moving to LA", and your OP paints the picture that you were "breaking the news", and wanted that to be remembered. If you are gonna do that, you have to take some accountability, whether it be good or bad. You rolled the dice and lost, no biggee, happens to the best of us (except me of course, as I am always right)...

Now brush it off, and get to work on finding your next story :layup

Bolt Cola
03-28-2012, 11:40 AM
2 billion dollars, I'd have to win the lottery four times to buy the Dodgers.

crixus
04-05-2012, 11:09 PM
Magic gets all the credit because of his personality status, but he actually owns a much smaller amount (I heard it's in the 10-15% range) than the other guys that make up the Guggenheim Group. Walters owns the biggest share, followed by Guber, Kaston and then Magic. But Kaston is the only one with MLB experience. I'm sure they'll jack up prices to make up for the 2+ billion dollars they spent to acquire a team that was bought by Frank McCourt for 800 million just a few years earlier. Even after paying off his ex-wife, McCourt ends up making half a billion profit off the deal. :crazy: