Dodgers Sold To Magic Johnson Group

There was an article in (I think) Forbes which listed the Yankees at $1.85B. Which was the most. I think the Dodgers were at $1.4B.

 

yep, $2 bill is too much and the only reason they would pay this much is if they truly believe that they can make the franchise more valuable and get a return on their investment fairly quickly. in business, typically you want to start making money off your investment in no more than 3-5 years .......... meaning, this group must feel that the profits they make over the next 3-5 years + the value they could sell the club for in 3-5 years will exceed $2 bill.

maybe they know what they're doing. everything i can see doesn't seem to indicate baseball is on an upward trend but it's not my money.

 

maybe magic can figure a way to get the fans in the seats before they 4th inning and stay beyond the 7th ?

 

Yeah, it's called he's MAGIC JOHNSON! They're going to try to turn this franchise into the Lakers. Give season tickets to some big name celebs. Make it a circus. But apparently they're going to upgrade the security of Chavez Ravine(thank freaking god) and will toss around some money to get some FA's and make this team competitive. They made a smart play here. They're in the NL West so it's an easy division to win and they've already got talent. Plus FA's are naturally attracted to LA since it's the Dodgers and are the NL equivalent of the Yankees as far as legacy. Done right this investment will be paid back in full but it'll also be easy to imagine it going awry.

And in regards to worth

INSANE!

 

magic is not going to have some sweeping influence on a baseball team. the lower seats are already owned by big name celebs in most cases but they just dont get there at games start and always leave early. even when the team was winning it was that way.

the dodgers arent nearly the legacy that the cardinals are in the nl. not even close. it's being in the 2nd largest market that puts them on the map. plus like with the giants these are very old franchices.

 

QFT



I think thats how Magic is feeling right now

 

well only time will tell on that. i mean if the right moves are made the team could start to make money. like steal cole hamels from the philllies.

part of what makes me wonder about the price this group paid is that they are getting a 50plus year old stadium that does not have the allure of fenway or wrigley.

 

well, wait a minute, let's be clear ......... yes, the dodgers have not been making money for a while. however, their attendance, merchandise sales, popularity, etc. have been declining ......... they 'could' make money again if they can get the interest back in the team.

the price tag on this purchase is probably just purely from 'potential' future popularity.