Magic Johnson now owns the LA Dodgers

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Props Slaps
 6 years ago '11        #61
GrindPOWER$ 399 heat pts399
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this dude magic getting that paper for real you know in 1 season he making back that money plus...just remember its not him alone its a group of investors but props to him any ways magic lol
 6 years ago '11        #62
Chad09 160 heat pts160
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"The only bad news. Frank McCourt will still make money off of Dodgers fans. He will still own the parking lot surround Dodger Stadium. Dodgers fans will still feed McCourt's greed."

I wish.
 6 years ago '04        #63
bluedawgalex 3 heat pts
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 Kevin said:
thanks for the info

also, didn't HE go bankrupt, not the dodgers?



i thought magic johnson and his group bought that too..?
well i believe the dodgers were personal property therefore most of his money was on the dodgers, so when the team went bankrupt so was his money...

and magic's group DID buy half of the land in dodgers stadium and they hold the rights to anything developed there, therefore magic can veto anything they dont agree with...

fu*k mccourt :nasmad:
 6 years ago '04        #64
TheMagicMan|M 2 heat pts
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 Kevin said:
doesn't more than half go his ex wife?
Yeah, and to a host of other people and lawyers, but dude got 2 billion for a team thats probably worth 1-1.5 TOPS, AND I think he still owns the parking lots. Dude fu*ked around, took money from the Dodgers when he was owner and is gonna walk away with at the very least 250 million after emerging from bankruptcy when he shouldve been DEAD a.ss BROKE.

Business men = real bonafide gangsters. If you or I miss a few 1,000 dollar credit card payments, we're fu*ked where this dude basically steals corporate money, takes shortcuts on basic security and maintenance to the ballpark and in the end is gonna get paid for being a dumbass


Last edited by TheMagicMan; 03-28-2012 at 07:34 AM..
 6 years ago '07        #65
ttime236 38 heat pts38
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 Motion said:


did you even read what it said?

Magic is part of the ownership group that bought the team. he didn't by them of by himself

he's just the most famous person in the group so that's why he's mentioned

it's the same exact scenario as when Jay-Z was part of the group that bought the Nets years back
Where in my post did I say Magic bought them team by himself??

Of course its gonna be part of a ownership group. I googled Magic's net worth and thats why I was asking howd he make that fortune after he was done with the nba.
 6 years ago '10        #66
SoFresh170 28 heat pts28
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Where in this world did this motherfu*ker get all that money ?
 6 years ago '10        #67
Beach Bum 52 heat pts52
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mccourt also signed a big tv deal before he sold and that is a big part of what ran up the price of what the team sold for, it came with the tv deal.
 03-28-2012, 10:17 AM         #68
TIP2009 
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lol so in other words he doens't own sh*t, he owns it via a proxy, since there is 4 owners...lmfao that's not ownership, its' partnership...
 6 years ago '12        #69
44wade 296 heat pts296
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They over paid 900 million $$. Terrible deal on the surface.
 6 years ago '09        #70
ReggieA 196 heat pts196
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Magic lets to let me hold something.

But, if they play their cards right, the TV Deal in 2014, jack up some prices in seating, parking (when they buy the lots) and concession, also with the possibility of adding a football team, they will earn their money back probably triple or quadruple what they spent to buy the team.
 6 years ago '06        #71
Yung Dilla 1498 heat pts1498
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That n*gga ain't got no aids man lol
 6 years ago '06        #72
ThaShark316 86 heat pts86
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They bought that team straight cash.
 6 years ago '11        #73
zenndogg98 26 heat pts26
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What percent of the team does magic own? Btw fu*k the dodgers
 03-28-2012, 08:18 PM         #74
Sam Rothstein 
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Illuminati be working magic, no pun intended.
 03-28-2012, 09:34 PM         #75
LebronOnYoBtch 
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 ttime236 said:
You learn something new each day. I did not know Magic had it like that with the finances

How the hell did he build that type of wealth?
Starbucks...
 6 years ago '05        #76
HiRolliN 110 heat pts110
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 LebronOnYoBtch said:
Starbucks...
alot people dont realize earvin has a major stake in starbucks.

 ReggieA said:
Magic lets to let me hold something.

But, if they play their cards right, the TV Deal in 2014, jack up some prices in seating, parking (when they buy the lots) and concession, also with the possibility of adding a football team, they will earn their money back probably triple or quadruple what they spent to buy the team.
as long as they dont raise prices for the Pavilion Area in Dodger Stadium im happy.


Last edited by HiRolliN; 03-28-2012 at 10:06 PM..
 6 years ago '05        #77
white-chocolate 125 heat pts125
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only thing i like about the Dodgers is their Jersey's and New Era hats
 04-14-2012, 01:31 PM         #78
twt88 
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Michigan State Magic Johnson told LA and Dodge to suck it and got them kiss his a.ss

Michigan FOREVER stay winning over LA. Kobe is once again , wait a minute, :kobewhatever:. Saying Why can't Magic bail him out off the bench and the Lakers
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