At a time when Major League Baseball wants to restore the Los Angeles Dodgers’ brand following years of damage under the ownership of Frank McCourt, Earvin “Magic” Johnson — arguably the most popular athlete in the city’s history — is a major player in a group that wants to buy the team.
“I’m a big baseball fan,” Johnson said by phone Friday, “and you think about what the Dodgers have meant to baseball and to Los Angeles, and that part’s a no-brainer. … I’ve been to that place [Dodger Stadium] hundreds and hundreds of times.”
Johnson was approached about a month ago by Stan Kasten, the former president of the Atlanta Braves and Washington Nationals — someone Johnson has known for about 30 years, and who once offered him a job to coach the Atlanta Hawks. Mark Walter, the CEO of Guggenheim Partners, a private global financial services firm, is the money muscle behind the group, which is called Guggenheim Baseball Management. According to a fact sheet about the group, Guggenheim Partners has more than $125 billion in assets under management.
— Reported by Buster Olney of ESPN the Magazine