Play Fantasy Use your Fantasy skills to win Cash Prizes. Join or start a league today. Play Now
Blog Entry

Magic Johnson, Mark Cuban bid for Dodgers

Posted on: January 24, 2012 5:20 pm
Edited on: January 24, 2012 9:13 pm
 
Posted by Ben Golliver

The Lakers legend has reportedly bid on the Dodgers (Getty Images)
The only thing longer and more boring than the NBA lockout is the ongoing sale of the Los Angeles Dodgers.

Good news: the deadline to submit bids finally passed so we just took a major step closer to the finish line.

The Los Angeles Times reports that two major figures in professional basketball -- Dallas Mavericks owner Mark Cuban and Los Angeles Lakers legend Magic Johnson -- were among the "more than 10" bidders.
Outgoing owner Frank McCourt expects the Dodgers to sell for at least $1.5 billion.

Dallas Mavericks owner Mark Cuban submitted a bid by Monday's deadline, as did East Coast hedge fund giant Steven Cohen and former Dodgers owner Peter O'Malley.

Several groups also turned in bids, including those involving Magic Johnson and longtime baseball executive Stan Kasten; Los Angeles developer Rick Caruso and former Dodgers manager Joe Torre; Los Angeles investor Stanley Gold and the family of the late Roy Disney; and former agent Dennis Gilbert and Los Angeles investors Jason Reese and Randy Wooster.
Both Cuban and Johnson have been linked to the Dodgers, a franchise that has gone through financial crisis following the divorce of the McCourts, for months. Cuban's interest goes back to at least June 2011 although he recently said that he would not bid $1 billion for the club.

"At that price, I wasn't interested," Cuban said. "I don't think the Dodgers franchise is worth twice what the [Texas] Rangers are worth."

Johnson's interest in the club dates to August 2011.

"If the Dodgers ever came up for sale," Johnson said in August, "Would I take a look at it with some other people? Of course you would look at it. Because the brand is so strong. As we speak today, they do have an owner. It's never good to talk about an organization that already has an owner. I will say this: the Dodgers brand is amazing. The O'Malley family were great owners."

Hat tip: IAmAGM.com.
Comments

Since: May 17, 2008
Posted on: January 25, 2012 10:27 am
 

Magic Johnson, Mark Cuban bid for Dodgers

dodgers own their stadium, but it's almost 60 yr old though. where will they play if they do remodeling, which may take upwards to a year? surely not in anahiem.
They will play were they've played every other time the stadium has been remodeled -- at Dodger Stadium.  In short, any big remodel work will happen next off season, just like in years past they've remodeled, added seats, etc in the offseason.  Pretty par for the course, when any team remodels they do it a time they are not playing--nobody plays in another stadium while they remodel theirs.





Since: Sep 28, 2010
Posted on: January 25, 2012 10:16 am
 

Magic Johnson, Mark Cuban bid for Dodgers

I would go with Cuban's assessment of the Dodger's franchise worth. He is a self-made billionaire who has successfully run the Dallas Mavericks for years. He already has fame from owning a franchise so we can conclude that his interests for owning the team are mostly financial.  Don't forget that Cuban actually outbid the Ryan group by millions of dollars for the Rangers, yet he did not win the club.



Since: Jan 18, 2012
Posted on: January 25, 2012 10:04 am
 

Magic Johnson, Mark Cuban bid for Dodgers

So what if I sound old fashioned...I would LOVE for the O'Malley family to again take the reins of this storied franchise.  I think Cuban would be a great baseball owner but the Dodgers should should be owned by someone from Southern California.  Come On Peter...here's on die hard Dodger fan rooting for you!



Since: Nov 30, 2008
Posted on: January 25, 2012 7:48 am
 

Magic Johnson, Mark Cuban bid for Dodgers

I think Cuban would be a breath of fresh air in baseball ! Be nice to see Magic get a shot as well !



Since: Jan 16, 2012
Posted on: January 25, 2012 4:39 am
 

Magic Johnson, Mark Cuban bid for Dodgers

Sure, let Cuban buy the Dodgers so he can spout off at umpires, referees, league officials and whomever all during the year instead of just during the basketball season.



Since: Aug 21, 2006
Posted on: January 25, 2012 2:15 am
 

Magic Johnson, Mark Cuban bid for Dodgers

dodgers own their stadium, but it's almost 60 yr old though. where will they play if they do remodeling, which may take upwards to a year? surely not in anahiem.



Since: Jan 25, 2012
Posted on: January 25, 2012 12:26 am
 

Magic Johnson, Mark Cuban bid for Dodgers

Dodger fans: as a MAVs die-hard.... you will LOVE CUBAN.... He sucked when he was growing as a billionaire, but now he is ON BOARD!



Since: Jan 25, 2012
Posted on: January 25, 2012 12:24 am
 

Magic Johnson, Mark Cuban bid for Dodgers

the dodgers are worth 3 times the rangers? you DO know we are no longer in the 1980's, right? What is LA record vs TEX over the last 10 years? check it out, you will be embarrassed at your total lack of MLB in the 21st century. BTW, games are NOW in color..... IDIOT




Since: Mar 30, 2010
Posted on: January 24, 2012 11:42 pm
 

darn

THis stinks. I was looking for anything NAB to bag on and this story pops up. I like Cuban (sorta), Magic is kinda a cool dude,but I HAAAAAATE the Dodgers. Please don't buy this stinkin' team guys. buy a new boat instead.



Since: Apr 19, 2009
Posted on: January 24, 2012 11:00 pm
 

Magic Johnson, Mark Cuban bid for Dodgers

Cuban is right, the Dodgers aren't worth twice as much as the Rangers. They're worth 3 times as much.
Go Dodgers. Here's to hoping Dennis Gilbert and his deep-pocket pals win the bidding war.


The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com