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Wednesday , Mar , 28 , 2012 Hoopsvibe

Magic Johnson buys Dodgers for $2 billion

A group that includes former Lakers star Magic Johnson and longtime baseball executive Stan Kasten agreed Tuesday night to buy the Dodgers from Frank McCourt for a record $2 billion.


HoopsVibe’s Very Quick Call: He’s a Hall of Fame point guard. And he’s fast becoming a Hall of Fame businessman.

Reports indicate a group led by Magic Johnson have succeeded in buying the iconic Los Angeles Dodgers for a record $2 billion. The amount is the highest ever paid for a sports franchise.

Look for Johnson to be the frontman for the group -as he's clearly comfortable in front of the camera and using his vast connections in and around the Los Angeles area. 

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Monday , Aug , 01 , 2011 Hoopsvibe

Rumor: Magic Johnson interested in owning Dodgers and NFL team?

‘If the Dodgers ever came up for sale, would I take a look at it with some other people? Of course you would look at it. The brand is so strong. But as we speak today, they do have an owner.’ Johnson’s smile and recollection as a Rams and Raiders season ticket holder when they played in L.A. revealed his outward interest in being part of AEG’s ownership group should an NFL team return to the City of Angels: ‘Yes, because I’m such a big football fan'.


HoopsVibe’s Very Quick Call: Magic Johnson isn’t standing still during the NBA lockout.

The Hall of Fame point guard with the Lakers, broadcaster, and billionaire entrepreneur is hinting he’d like to be involved with buying the Dodgers and bringing an NFL franchise back to Los Angeles.

The divorce of all divorces and unfortunate beating of a Giants fan has tarnished the Dodgers' historic brand. Magic's skill as a front-person and business acumen can fix this.

The NFL would be profitable in any American market, especially one as large and wealthy as LA. However, a revered sports hero, like Johnson, would help bury any resentment over the Rams and Raiders leaving.

--Oly Sandor.

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