At a time when Major League Baseball wants to restore the Los Angeles Dodgers' brand following years of damage under the ownership of Frank McCourt, Earvin "Magic" Johnson -- arguably the most popular athlete in the city's history -- is a major player in a group that wants to buy the team."I'm a big baseball fan," Johnson said by phone Friday, "and you think about what the Dodgers have meant to baseball and to Los Angeles, and that part's a no-brainer. ... I've been to that place [Dodger Stadium] hundreds and hundreds of times."Johnson was approached about a month ago by Stan Kasten, the former president of the Atlanta Braves and Washington Nationals -- someone Johnson has known for about 30 years, and who once offered him a job to coach the Atlanta Hawks.Mark Walter, the CEO of Guggenheim Partners, a private global financial services firm, is the money muscle behind the group, which is called Guggenheim Baseball Management. According to a fact sheet about the group, Guggenheim Partners has more than $125 billion in assets under management. Source: ESPN
Talk about misleading title. He's in it with a host of others that want to buy it. He just happens to be a name in there but is investing little money actually in it.
