adminbaberuth Posted March 28, 2012 Report Share Posted March 28, 2012 http://www.cbssports.com/mlb/blog/eye-on-baseball/18094623/magic-johnsons-group-reaches-agreement-to-buy-dodgers Link to comment Share on other sites More sharing options...
PhatMack19 Posted March 28, 2012 Report Share Posted March 28, 2012 Hope Magic knows what he is doing paying that much. According to all of the other bidders, the value was around $1.1-$1.2 bil. Seems like Magic's group WAY overpaid.George Steinbrenner bought the Yankees for $8.8 million in 1973.Arte Moreno bought the Angels for $180 mil in 2003 and has done a great job making them La's team. I'm just not sure how paying $2bil makes business sense. Link to comment Share on other sites More sharing options...
Guest UHCoog14 Posted March 28, 2012 Report Share Posted March 28, 2012 [quote name="PhatMack19" post="1203043" timestamp="1332951671"]Hope Magic knows what he is doing paying that much. According to all of the other bidders, the value was around $1.1-$1.2 bil. Seems like Magic's group WAY overpaid.George Steinbrenner bought the Yankees for $8.8 million in 1973.Arte Moreno bought the Angels for $180 mil in 2003 and has done a great job making them La's team. I'm just not sure how paying $2bil makes business sense.[/quote]Have not read the article or know the details. I would bet that the purchase is being subsidised in some manner. MLB wants and needs a minority owner. Link to comment Share on other sites More sharing options...
Guest tigersvoice Posted March 28, 2012 Report Share Posted March 28, 2012 [quote name="GCMPats" post="1203047" timestamp="1332951884"][quote author=PhatMack19 link=topic=98192.msg1203043#msg1203043 date=1332951671]Hope Magic knows what he is doing paying that much. According to all of the other bidders, the value was around $1.1-$1.2 bil. Seems like Magic's group WAY overpaid.George Steinbrenner bought the Yankees for $8.8 million in 1973.Arte Moreno bought the Angels for $180 mil in 2003 and has done a great job making them La's team. I'm just not sure how paying $2bil makes business sense.[/quote]Have not read the article or know the details. I would bet that the purchase is being subsidised in some manner. MLB wants and needs a minority owner.[/quote]This is 2 billion of present day Obama dollars. Not the same comparison with past years. Link to comment Share on other sites More sharing options...
adminbaberuth Posted March 28, 2012 Author Report Share Posted March 28, 2012 Money is cheap right now. Reports say Dodgers have 4 Billion offer for TV rights on the table. Bet Magic would hit for my power than MJ, plus play a mean 1B. Link to comment Share on other sites More sharing options...
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