March 2012 - Los Angeles Dodgers Wiretap
Sources: McCourt Gets No Parking Lot Money
The joint venture between the ownership group led by Magic Johnson and soon-to-be former Dodgers owner Frank McCourt for land around Dodger Stadium will not allow McCourt to reap any profits from parking revenue, according to three different sources. The new ownership group, which entered into a $2.15 billion deal to purchase the Dodgers on Tuesday night, has control over the parking lots and land around the stadium.
Sources: McCourt Will Not Get Parking Lot Money
The joint venture between the ownership group led by Magic Johnson and soon-to-be former Dodgers owner Frank McCourt for land around Dodger Stadium will not allow McCourt to reap any profits from parking revenue, according to three sources with knowledge of the situation.
Magic Praised, Deal For Dodgers Being Disected
Dodgers fans and players are thrilled Magic Johnson is part of the group that bought the team, but many are wondering how Frank McCourt could remain connected to the franchise he was forced to sell. The Johnson group, largely funded by Guggenheim Capital chief executive officer Mark Walter, agreed to purchase the Dodgers, Dodger Stadium and a 50 percent stake in the parking lots surrounding the ballpark from McCourt for $2.15B. Sources with knowledge of the agreement told ESPNLosAngeles.com's Tony Jackson the group will purchase half of the Dodger Stadium parking lots, deemed to have a total value of $300M, with McCourt keeping the other half.
Kemp Praises Magic's Deal For Dodgers
Matt Kemp learned that Magic Johnson was his new owner on Tuesday night as he sat courtside at the Suns-Spurs game. "My phone started blowing up," Kemp said. "I started looking at the texts, and everyone was saying Magic was our owner. I thought people were just messing with me. I didn't know it was real until I started getting text messages from some important people." The new ownership group, headed by Johnson, is largely funded by Guggenheim Capital chief executive officer Mark Walter. They agreed to purchase the Dodgers, Dodger Stadium and a 50 percent stake in the parking lots surrounding the ballpark from Frank McCourt for $2.15 billion. "I think it's tight, man, for Magic to be one of our owners," Kemp said. "He knows what the Dodgers mean to L.A. Magic is very important to L.A., and the fans love him. This is a pretty good day for the Dodgers."
Magic's Group To Buy Dodgers For $2 Billion
Dodgers owner Frank McCourt has announced an agreement to sell the bankrupt team for $2 billion to a group that includes former Lakers star Magic Johnson and former Braves and Nationals president Stan Kasten. The agreement, revealed about five hours after MLBl owners approved three finalists for the auction, is to lead to a transfer of the team by the end of April. It is subject to approval in federal bankruptcy court.
Report: MLB To Vote On Dodgers Bids
Major League Baseball owners have scheduled a teleconference to vote on the three remaining groups bidding to buy the Dodgers from Frank McCourt. All three groups are expected to be approved. The groups are led by Magic Johnson, Stan Kroenke and Steven Cohen. McCourt is to select the winner by Sunday, submit the agreement to the bankruptcy court by April 6 and complete the sale by April 30, the day he is to make a $131 million divorce settlement payment to former wife Jamie.
Report: Three Bidders Remain For Dodgers
There are only three bidders left in the race to purchase the Los Angeles Dodgers. Bloomberg has reported that the three finalists include a group led by Magic Johnson and veteran baseball executive Stan Kasten; St. Louis Rams owner Stan Kroenke; and a group led by hedge-fund billionaire Steven Cohen and Los Angeles billionaire and philanthropist Patrick Soon-Shiong.
Torre Returns As Vice President Of MLB
Less than three months after resigning, Joe Torre has returned as Major League Baseball's executive vice president for baseball operations. Torre stepped down to join a group trying to buy the Los Angeles Dodgers. His group dropped out of the bidding for the bankrupt ballclub Feb. 23 because current owner Frank McCourt won't include in the sale the parking lots outside the stadium.
Mattingly: Dodgers Should Be Contending Every Year
Don Mattingly has endured a lot of turmoil during his short time in Los Angeles, but he is still optimistic about what the Dodgers could and should be accomplishing. "There's no reason in the world this franchise - in L.A., in a big market - shouldn't be knocking on the door every year," he said. "And I'd rather do it with a kid who's coming across the grass." "The Los Angeles Dodgers?" he said of developing players. "We should be doing everything better than everybody else. ... We shouldn't have to deal with a guy who won't run and we have to change the system for it. Shame on us if we're pushing a guy through the system who won't play the game right."
Dodgers Enjoying 'One Of The Best Camps' GM Has Ever Seen
Roughly two weeks before the Dodgers kick off the new season, general manager Ned Colletti likes what he sees. "This has been one of the best camps to date I've seen," he said. "I don't know what it is, but the games have been played well for this time of year and there's been extra focus. It could be the competition. People are cognizant of the fact that just because you start the season with 25 players, it doesn't mean that the roster isn't fluid." Colletti is entering his seventh season with the team. "We're going to have to play clean and smart this year," he said. "The execution of the pitches as well as not giving away at-bats, and defense is always a primary area that we have to be good at. "Historically, this division plays close games. We really have to be keen on execution, and we've seen that this spring. When I talk about presentation, that's what I mean."
Vin Scully Further Trims Travel Schedule
Vin Scully will only call road games within California.
Report: Magic Johnson's Group Leads Bidding For Dodgers
Only five bidders remain in the race to purchase the Los Angeles Dodgers and the largest offer so far is $1.6 billion.
Report: Casden Rejected As Bidder For Dodgers
Major League ownership committees held meetings with bidders still in the running on Monday in Phoenix and Alan Casden was not invited.
Dodgers Sign NFL's Jarrad Page To Deal
The Dodgers have signed Vikings defensive back Jarrad Page to a Minor League contract as an outfielder.
Jansen Cleared After Heart Scare
Kenley Jansen has been cleared to resume workouts after experiencing shortness of breath and difficulty sleeping.
Kushner Withdraws From Dodgers Bidding
There are now seven parties in the running to purchase the Dodgers.
Koufax Visits Kershaw's Bullpen Session
Sandy Koufax spoke with reporters about Clayton Kershaw and the 23-year-old's ceiling.