Who Owns The Dodgers Baseball Team?
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The Los Angeles Dodgers are a professional baseball team based in Los Angeles, California. The Dodgers compete in Major League Baseball (MLB) as a member club of the National League (NL) West division.
The Guggenheim Group
The Guggenheim Group is a financial services firm that is headquartered in New York City. The firm was founded in the year 2007, and it has since grown to become one of the largest firms in the world. The firm’s primary focus is on investments, and it also provides services such as asset management and merchant banking. The Guggenheim Group is the owner of the Los Angeles Dodgers baseball team.
Purchased the team in 2012
The Guggenheim Group is an American global financial services firm headquartered in New York City, with offices located in Chicago, Los Angeles, Boston, Dallas, and San Francisco. The firm was founded in 2007 by protégés of Bruce Wasserstein and is led by CEO Mark Walter.
The Guggenheim Group purchased the Dodgers baseball team in 2012 for a price of $2.15 billion. The group beat out a number of other potential buyers, including former Lakers star Magic Johnson.
Frank McCourt was the former owner
Frank McCourt was the former owner of the Los Angeles Dodgers baseball team. He bought the team in 2004 for $430 million. The team was sold to the Guggenheim Group in 2012 for $2 billion.
Magic Johnson
Earvin “Magic” Johnson is an American former professional basketball player and current president of basketball operations of the Los Angeles Lakers of the National Basketball Association (NBA). He played point guard for the Lakers for 13 seasons. After winning championships in high school and college, Johnson was selected first overall in the 1979 NBA draft by the Lakers. He won a championship and an NBA Finals Most Valuable Player Award in his rookie season, and won four more championships with the Lakers during the 1980s. Johnson retired abruptly in 1991 after announcing that he had contracted HIV, but returned to play in the 1992 All-Star Game, winning the All-Star MVP Award. After protests from his fellow players, he retired again for four years, but returned in 1996, at age 36, to play 32 games for the Lakers before retiring for the third and final time.
Joined the ownership group in 2012
In 2012, Johnson joined an ownership group that included Mark Walter, the chief executive officer of Guggenheim Partners, Peter Guber, the co-owner of the Golden State Warriors and Mandalay Entertainment CEO Peter Guber, in purchasing the Dodgers for a record $2.15 billion.
Was a former Dodgers player
Magic Johnson was born Earvin Johnson Jr. on August 14, 1959, in Lansing, Michigan. The future Hall of Famer went on to star at Michigan State University before being drafted first overall by the Los Angeles Lakers in the 1979 NBA Draft. He would go on to play 13 seasons with the Lakers, winning five championships while becoming one of the most popular players in NBA history. In 1991, he shocked the sports world by announcing he had contracted HIV and would retire from basketball.
In 2012, Johnson teamed up with Guggenheim Baseball Management to purchase the Los Angeles Dodgers for a record $2 billion.
Stan Kasten
Joined the ownership group in 2012
In 2012, Stan Kasten joined the ownership group of the Los Angeles Dodgers, becoming the team president and CEO. He is also a part-owner of the Atlanta Hawks basketball team.
Kasten has a long history in baseball, having worked as the president of both the Atlanta Braves and Washington Nationals. He was also instrumental in bringing baseball back to Atlanta after the city’s previous team, the Milwaukee Brewers, relocated to Milwaukee in 1953.
Kasten is a graduate of Northwestern University and Harvard Law School.
Is the team president and CEO
Stan Kasten is the president and chief executive officer of the Los Angeles Dodgers, a position he has held since 2012. He is also a part-owner of the team. Prior to joining the Dodgers, Kasten served as president of the Atlanta Braves and Washington Nationals.
