Technically the Dodgers were sold in auction for $2.15 billion to a group lead by Magic Johnson (yes, that Magic Johnson), Peter Guber, and Mark Walter. Now obviously this group overpaid for the Dodgers, but once again they were sold in auction. Have ever seen the animals biding at an auction? It's a complete money-ego trip where someone will always grossly overpay for the prize. Luckily for the new Dodgers owners, the TV rights even out the overpay.
The real kicker though in this deal is that Frank McCourt isn't going anywhere. Yes, Frank McCourt still owns the parking lots around Dodger Stadium and Magic Johnson's investor group is now his partner. Just the thought of Frank McCourt owning the parking lots makes me giddy like a school boy. Then I remembered that the owner of the Dodgers before McCourt who Dodgers fans also despised, News Corp, airs Dodger games on their network and I fell of my couch in glee. Just tremendous!
Let's get back to McCourt for a second. Folks do you want to know to become a billionaire? Follow these easy steps called the McCourt plan:
1. Buy the Dodgers through debt.
2. Spend 8 years stealing money from the team's coffers to finance your own lifestyle.
3. Set up about 20 subsidiaries, then loot them.
4. Get into an ugly divorce with your wife
5. Sell the team on auction.
6. Sell the team for $2 Billion dollars
7. Pay off all the debt you have.
8. POCKET $1BILLION DOLLARS!
Follow those steps and you'll become a billionaire. According to Forbes if this sell holds up, McCourt will become the most financially successful owner in baseball history. Unbelievable. And with McCourt holding onto the parking lots, he will continue to haunt Dodger fans. This could not have happened to a better fanbase.
Amazing that scum like McCourt will walk away with a billion dollars.
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