McCourt agrees to sell to Magic Johnson-led group for TWO BILLION DOLLARS.
HOLY.
SHIT.
Links and updates forthcoming.
UPDATE 8:32pm: Magic Johnson-led group is picked as Dodgers' next owner (Bill Shaikin)
UPDATE 2 9:55pm: Just go read Bill Shaikin's Twitter feed. He's been THE MAN through the whole process, and is rocking it again tonight.
Tuesday, March 27, 2012
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54 comments:
!
MY BRAIN IS IMPLODING.
YIPPEEEEEEEEEEEEEEEEE!!!!
True Blue story: I'm on travel but when Nomo broke this news to me, my first instinct was to call the love of my life (Mrs Dusty, not Kershaw) and tell her the news. I got about three words out before I got really emotional and had to hang up. Couldn't be happier now. Everything is coming up Blue.
FUCK YEAH
Holy crap! But McDouche keeps the parking lots?!?!?
DOUBLE UP: FUCK YEAH
McCourt will co-own the lots with other members of Magic's group, according to press release.
No, Mr F. From what I just heard the parking lots are part of the two mil deal.
Ahhhh, I see. Co-own.
Basketball has always been my thing/
I like Magic, Bird, and Bernard King
""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."
Fuck Frank, but hell yeah, Magic!
IT'S SHOWTIME!
(cries tears of joy)
(flips Frank the bird)
@ Soanky - no, you're second in line after me!
Is he the first African-American owner of an MLB team?
AND NOW WHEN I COMMENT, THE PAGE SCROLLS TO THE BOTTOM AUTOMATICALLY.
(cries)
(cries)
(cries)
tears of joy
I can live with co-own. Control is the key as far as i'm concerned.
@DBT
I think Magic is the first.
Ahhh. Thanks for the clarification!
So conflicted...
No more Frank is absolutely a good thing.
But that is a lot of zeros in the purchase price that will never make its way into the product on the field (or the product that is the Stadium experience).
I can't believe the Dodgers are objectively worth 220% more than the Cubs. Subjectively, yes, obviously.
I'm crying me eyes out here, fellas. It's all coming out now.
Wikipedia's list of MLB owners has already been updated with Magic's name. Well played Internet, well played.
There are so many men in this group, though. I doubt they'll have spent too much on the purchase without planning ahead.
I'm not sure, Jason. From what I understand both fan experience (eg, upgrades) and "winning team" were strong parts of the equation for the final bids. You could be right, but heck, for at least a fortnight can we remain optimistic?
Cc: Karina
(puts on blue shaded glasses)
Optimism is up in this bish!
(opens that chilled bottle of champagne)
At DBT: not sure - guessing that there have been other African-American co-owner/stakeholders of an MLB team (recognizing that according to reports he'd just be a minority stakeholder).
Not that it would diminish the significance of an African-American being one of the major public faces of a franchise that also broke the color barrier in baseball.
that tv contract is going to be fucking huge. Max monies baby!
Let's celebrate the exit of McCourt from the Dodgers. Damn i wish i had some hard liquor.
Pay your respects to Chavez Ravine these next 2-3 seasons. There is no way you can support a valuation of $2B without expecting to extract value from the land that Dodger Stadium sits on. Plus, bringing in the CEO of Mandalay Entertainment is kind of a give away in terms of development plans...
At least Magic is involved. That at least locks the team down in LA. Look for a new ballpark coming downtown near Staples and the new NFL stadium.
I can't believe Frank McCourt is going to become a Billionaire by looting my beloved team. I need to take management lessons from him. He played every card just right throughout this situation. Bud Selig and MLB tried to muscle him out and he told them to eat a d***, I'm gonna make a Bil off of this. Masterful. Despicable...but masterful.
Just when Dodger fans needed an assist...
The "No Bitching" rule is now in effect. No bitching for the next 18 hours.
Wait, so Josh Macciello didn't win?
Macciello is still leaving threatening messages on Gene Maddeas's voicemail.
haha, im assuming collect.
This sets a significant precedent too. The Steinbrenner Boys could probably fetch double if they're ever up against a wall.
I have to imagine Lew Wolff has his accountant working overtime tonight. Same with Bob Nutting.
@jason
I hear you, but it also stands to reason that in you throw 2 bills down on the team, it doesn't make a lot of sense to skimp on the on-field product if you're trying to maximize you franchise value. Not that team management always makes sense, but i think there's an argument to be made.
What will be telling is what happens when the first big contract comes around that doesn't pan out like everyone thinks it will.
FYI, I am getting drunk.
Pouring a glass (or three) of Macallan 18 to celebrate!
RT @BillShaikin: #Dodgers deal allows Magic group to control parking lots for games, Magic and McCourt to jointly pursue any development of lots.
Sounds like it's 50/50 in terms of control.
Sorry, watching 90210. Did I miss something?
The Arsenal fan in me is relieved Stan Kroenke did not win, but disappointed he will still control Arsenal.
Say bye-bye Uncle Ned.
Frank can control the lots during road games. I think that's fair.
That's probably as good as it was going to get with the lots.
Stuck in the worlds most boring fantasy auction draft. wish Magic would come buy out this league. Holy shit!!!
MAGIC!!!!
*runs out the door nekked holding yellow fin tuna*
First order of business: Sheila E as GM.
Ned on KTLA now. Dead man walking?
*Snoopy dances*
it feels like Christmas! I'm so happy!
@Nomo FYI: I was already drunk
And:
Completely agree re the 18 hours no bitching ruleM
HoLEEEE SHIT!
This is absolutely ridiculously awesome! It was great to wake up to this news as well as to read all of your comments this morning
I made a vow to myself to get a new hat when we got a new owner. Looks like I will have a fun lunchtime activity!
Saw the great news last night on Facebook and now I see all these excited peeps on the mother site! Love it!
There's joy in Mudville!
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