Just over a year ago Magic Johnson sold all his shares of the Los Angeles Lakers. At the time it was speculated that Johnson was looking to become an outright NBA owner or that he was looking to get a piece of the NFL action long rumored to return to Los Angeles.
While the saga of bringing pro football back to L.A. continues Johnson is looking to put his eggs in another franchise here in the City of Angels.
As first reported by the L.A. Times, Johnson is part of an investment group looking save the Dodgers from the McCourt mess.
With one of the most storied franchises in all of sports set to hit the open market Johnson and the Guggenheim Baseball Management group are putting together a bid for the $1-billion price tag necessary to gain control of the Dodgers. Of course they won’t be the only ones in line for the franchise. Mark Cuban is among a long list of names looking to get a horse in this race.
No matter who gets the franchise it is a safe bet the team will be in much better standing. Magic has shown a real business acumen over the years and I’m willing to bet he won’t bilk millions from the Dodgers for his personal gain, or hire his family to do nothing while collecting six figures, nor will he pay a Russian psychic to send out good vibes as the team plays and hopefully he won’t go through a public divorce that will drag the team through the mud.