The Dodgers were bought by Guggenheim Baseball Management, which is owned mostly by Guggenheim Partners, and includes Mark R. Walter as its controlling partner, as well as Earvin “Magic” Johnson, Peter Guber, Stan Kasten, Bobby Patton and Todd Boehly as limited partners. Magic Johnson is simply the front-man and has very little skin in the game. He could be replaced tomorrow.
Guggenheim is in the business of making money, and lots of it! We really don’t know the details of the purchase – we do know that they overpaid for the team, something which does not surprise me in itself, but as a Dodger fan, I am not elated. I am very worried for the moment.
Stan Kasten has a wealth of experience, but he’s a lot like Bill Polian of the Indianapolis Colts and Buffalo Bills was – He can get close, but don’t count on winning it all very often. Maybe that’s OK. I remain hopeful but skeptical of the deal.
I’ll leave you with this as I am on a family vacation in Myrtle Beach, South Carolina:
If you think Frank McCourt took a lot of money out of the Dodgers, you ain’t seen nothin’ yet! They could take out more in a month than McCourt took in a year!