Holly Crap – McCourt Gets $2 Billion for Dodgers

Breaking News tonight: Frank McCourt has agreed to sell the Dodgers to the Magic Johnson-Stan Kasten-Mark Walter group, for $2,000,000,000!

Walter is the money guy, long time baseball executive Kasten will run the baseball operation, and hopefully Magic can restore the Dodgers name and image.

The BAD news: McCourt reportedly will buy back Dodger Stadium land for 150,000,000 and still be the Parking Lot Guy.

Peter O’Malley sold the team to Fox in 1998 for just over $300 M, and Fox sold to McCourt for $430 in 2004. Fox was the real culprit in destroying the franchise, though McCourt made things worse, and made the headlines.

A $1.5 B profit just isn’t right.

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One Response to Holly Crap – McCourt Gets $2 Billion for Dodgers

  1. Good\/bad about Dodger sale: Magic a local legend & great businessman, but McCourt got paid $2B for bankrupting a storied franchise. lolwut

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