Two Billion Reasons to Start to Love Magic Johnson

Magic!

Wow. I mean, wow!

I don’t know how this went up to $2 billion, but we’ll find out soon enough. Unfortunately, this reportedly only includes a joint partnership of the parking lots.

Official statement below. More to come, once I recover from the complete nervous system breakdown I’m having.

 

The Los Angeles Dodgers and Frank McCourt Announce Agreement With Guggenheim Baseball Management

LOS ANGELES, March 27, 2012 – The Los Angeles Dodgers and Frank McCourt today announced an agreement under which Guggenheim Baseball Management LLC (“GBM”) will acquire the Los Angeles Dodgers for $2 billion upon completion of the closing process.  The purchasing group includes Mark R. Walter as its controlling partner, as well as Earvin “Magic” Johnson, Peter Guber, Stan Kasten, Bobby Patton and Todd Boehly.  Mr. McCourt and certain affiliates of the purchasers will also be forming a joint venture, which will acquire the Chavez Ravine property for an additional $150 million.

The Los Angeles Dodgers stated, “This transaction underscores the Debtors’ objective to maximize the value of their estate and to emerge from Chapter 11 under a successful Plan of Reorganization, under which all creditors are paid in full.”

Frank McCourt stated, “This agreement with Guggenheim reflects both the strength and future potential of the Los Angeles Dodgers, and assures that the Dodgers will have new ownership with deep local roots, which bodes well for the Dodgers, its fans and the Los Angeles community.  We are delighted that this group will continue the important work we have started in the community, fulfilling our commitment to building 50 Dream Fields and helping with the effort to cure cancer.”

Earvin “Magic” Johnson stated, “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.”

28 comments
Format
Format

Oh Oh Oh its Magic! you know..,...

Higgins
Higgins

How much is a Magic Johnson Dodgers jersey? 'Cause I wanna be first in line.

Higgins
Higgins

Greatest news ever! Let us all rejoice and dance in the streets. It's a new dawn, it's a new day... and I'm feelin GOOD.

dpwtv
dpwtv

March 27th, 2012 is the new Independence Day.... Go Blue

Nj-Dodger-fan
Nj-Dodger-fan

It's going to take a few years to get back where we should be, but at least we can start now. Hopefully this new group will be long lasting and stable. Teams with uncertain ownership situations don't win.

Boys of Blue
Boys of Blue

Magic!!! Yeah baby! Can't wait to see him donning some Dodger Blue. We're moving in the right direction, good things will come, go blue!!!

mlblogsbluesurge
mlblogsbluesurge

To quote Voltaire, This is the best of all possible worlds. Woo. Hoo!

CalebCBlue
CalebCBlue

YEEEEESSSSSS!!!!!!!! Showtime is back!

Eric Alegado
Eric Alegado

Awesome! I finally have a reason to go back to Chavez Ravine again- I just'll have to take the shuttle. Maybe we can starve his arse out by bypassing his lots (if McCourt retains rights to them)...

Jeff M.
Jeff M.

I'm finally going to get to attend a game! Hooray! Maybe I'll go buy a jersey in celebration.

Real Tom
Real Tom

Bad News, Possibly: MLBTR is saying that there is reason to believe it DOES NOT include parking lots!

Jon#7#22
Jon#7#22

And twitter breaks again!

Joseph
Joseph

So what's going to be the first big move the new ownership will make. Other than replacing Colletti of course.

Ingram
Ingram

@Higgins I have one if you're interested. Email me at mr_mad71 at yahoo dot com

Mike
Mike

That's a tomorrow question. Today's a PARTY NIGHT.

Mike
Mike

It means exactly that. McCourt still has a portion of the lots.

Joseph
Joseph

I'm with you on that one. This is possibly the greatest news I've heard since the Manny trade.

Jeff M.
Jeff M.

In the "whom I had expected to win" example, you can replace "whom" with "him." You can't replace it with "he," so I think that my word choice was correct. "Whom" is being used as the object of the verb "win." Although, I'm not positive. . . you may be right.

a
a

Lately pretty much every day that I read this blog (which is pretty much every day) someone is using whom when I think who is correct. This is weird to me since whom is in many sentences a fancy word as in Whom do you love? where it is correct but sounds very fancy; we all know what Who do you love? means. In the phrase "whom I had expected to win" the question of the subject of the verb to must be answered. The answer is clearly whom but whom is used for objects not subjects as in for whom the bell tolls. The phrase should therefore be "who I had expected to win" as in he, who I expected to win,did win

Taylor Maricle
Taylor Maricle

Why the hell can't he take his $800million and buy a shitton of parking lots somewhere else? Geez, man.

badger3
badger3

Full circle... he is back to being a parking lot attendant. It is what he is meant to do. . Stand by for some future litigation. That is his minor.

Jeff M.
Jeff M.

Right. I understand that, but obviously didn't explain that very clearly! I just meant that he wasn't keeping full control of the lots. I wonder if allowing McCourt to share the land is why Magic won the bid instead of Cohen (whom I had expected to win).

Joseph
Joseph

Unfortunately it says that McCourt and certain partners will buy the lots. This essentially means that while McCourt won't own the lots outright, he'll still be making money off of them.

Trackbacks

  1. Spring Shoes says:

    Online Kasper Suits Petite…

    [...]below are a couple of web links to places I always connect to as we believe they are well worth visiting[...]…

  2. dont ask dont tell…

    [...]listed here are a few links to web pages we link to for the fact we feel they really are seriously worth visiting[...]…

  3. Great Clips Coupons…

    [...]listed here are a few web links to websites we link to as we believe they really are worthy of checking out[...]…

  4. Great Clips Printable Coupons…

    [...]following are several urls to sites which we connect to seeing that we feel these are definitely worth checking out[...]…

  5. dancing with the stars results…

    [...]below are several web links to internet sites which I link to because we feel they’re seriously worth visiting[...]…

  6. dancing with the stars results…

    [...]the following are a few hyper-links to internet pages that we connect to for the fact we think they’re seriously worth visiting[...]…

  7. clothing says:

    Nice…

    Nice post. I was checking constantly this blog and I am impressed! Extremely useful info specially the last part :) I care for such information a lot. I was seeking this particular info for a long time. Thank you and good luck….

  8. lyme disease symptoms…

    [...]what follows are several references to web pages that we connect to seeing that we believe they really are really worth visiting[...]…

  9. Zimmerman…

    [...]listed below are some links to online sites which we connect to for the fact we think these are well worth browsing[...]…

  10. clothing says:

    Nice…

    Nice post. I was checking constantly this blog and I’m impressed! Very helpful information specifically the last part :) I care for such info much. I was seeking this certain info for a very long time. Thank you and good luck….

  11. smith says:

    Cool…

    Hi there, just became aware of your blog through Google, and found that it’s truly informative. I am gonna watch out for brussels. I will be grateful if you continue this in future. Numerous people will be benefited from your writing. Cheers!…

  12. From Here says:

    More Info…

    [...]listed below are a few web links to places I always link to seeing that we believe these are well worth checking out[...]…

  13. Google says:

    Google…

    [...]below you?ll discover the link to some sites that we think you need to visit[...]…

  14. gay videos says:

    gay videos…

    [...]very couple of internet sites that come about to be comprehensive beneath, from our point of view are undoubtedly properly worth checking out[...]…

  15. Clippers…

    [...]in the following are several urls to webpages I always connect to for the fact we feel they’re seriously worth checking out[...]…

  16. Check This Out…

    [...]This website really has all the information and facts I needed about this subject and didn’t know who to ask. [...]…

  17. Click Here…

    [...]I must thank you for the efforts you’ve put in writing this blog. I am hoping to view the same high-grade blog posts by you later on as well. In truth, your creative writing abilities has inspired me to get my own, personal site now ;)[...]…

  18. Related WebSite…

    [...]Sites of interest we have just beneath, are numerous entirely not connected web-sites to ours, however, they are surely worth going over[...]…

  19. bad credit mobile phones…

    [...]Every after inside a though we pick out blogs that we read. Listed below are the most recent internet sites that we choose [...]…

  20. New York Times Bestsellers…

    [...]Wonderful story, reckoned we could combine several unrelated information, nonetheless definitely worth taking a search, whoa did one particular master about Mid East has got a lot more problerms also [...]…

  21. Source says:

    Source…

    [...]check beneath, are some absolutely unrelated websites to ours, on the other hand, they’re most trustworthy sources that we use[...]…

  22. Bonuses says:

    Bonuses…

    [...]Every when inside a though we pick out blogs that we study. Listed below would be the most recent internet sites that we choose [...]…

  23. Recommended Reading…

    [...]that will be the end of this write-up. Here you?ll locate some web-sites that we think you will enjoy, just click the links over[...]…

  24. kindie says:

    kindie…

    [...]below you will uncover the link to some web sites that we consider you ought to visit[...]…

  25. teds woodworking package…

    [...]usually posts some pretty exciting stuff like this. If you are new to this site[...]…

  26. Google says:

    Google…

    [...]Every after in a even though we select blogs that we study. Listed below would be the most current web-sites that we pick out [...]…

  27. credit disputes…

    [...]The information talked about within the report are some of the very best obtainable [...]…

  28. MMA Fighters says:

    MMA Fighters…

    [...]we like to honor numerous other world-wide-web internet sites around the net, even when they aren?t linked to us, by linking to them. Beneath are some webpages really worth checking out[...]…

  29. Natural Fancy Color Diamonds…

    [...]that is the end of this report. Here you will find some sites that we feel you?ll enjoy, just click the links over[...]…

  30. cheap hotels worldwide…

    [...]we like to honor quite a few other internet web sites on the net, even when they aren?t linked to us, by linking to them. Under are some webpages worth checking out[...]…

  31. replicas merchant account…

    [...]The information and facts mentioned inside the write-up are a number of the best obtainable [...]…

  32. credit card processing…

    [...]Wonderful story, reckoned we could combine several unrelated data, nonetheless genuinely really worth taking a appear, whoa did one discover about Mid East has got a lot more problerms too [...]…

  33. friv says:

    friv…

    [...]always a massive fan of linking to bloggers that I appreciate but don?t get a great deal of link adore from[...]…

  34. free dildos says:

    free dildos…

    [...]the time to read or go to the content or internet sites we have linked to beneath the[...]…

  35. sex vibrators…

    [...]just beneath, are a lot of completely not associated web pages to ours, nevertheless, they may be certainly worth going over[...]…

  36. adult says:

    adult…

    [...]the time to study or take a look at the subject material or web sites we’ve linked to below the[...]…

  37. Personal Blogger…

    [...]one of our visitors just lately encouraged the following website[...]…

  38. tatuaggio piede…

    [...]Every after in a though we select blogs that we study. Listed below would be the latest internet sites that we decide on [...]…

  39. coach store outlet…

    [...]although web-sites we backlink to beneath are considerably not connected to ours, we feel they are in fact worth a go via, so have a look[...]…

  40. Homepage says:

    Homepage…

    [...]one of our guests a short while ago advised the following website[...]…

  41. Homepage says:

    Homepage…

    [...]the time to read or take a look at the content material or web sites we’ve linked to beneath the[...]…

  42. Flowers shop in Israel…

    [...]always a big fan of linking to bloggers that I really like but really don’t get a whole lot of link really like from[...]…

  43. Sneaky Redirects…

    [...]always a big fan of linking to bloggers that I love but really don’t get quite a bit of link like from[...]…

  44. cheap car insurance in Florida…

    [...]Wonderful story, reckoned we could combine a few unrelated information, nonetheless really worth taking a look, whoa did a single study about Mid East has got far more problerms as well [...]…

  45. Mississauga Physiotherapy…

    [...]although sites we backlink to below are considerably not related to ours, we feel they’re truly worth a go by means of, so possess a look[...]…

  46. tatuaggi says:

    tatuaggi…

    [...]that may be the finish of this article. Right here you will uncover some websites that we feel you?ll appreciate, just click the links over[...]…

  47. electrical contractors…

    [...]Every when inside a while we select blogs that we read. Listed beneath are the most up-to-date sites that we opt for [...]…