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magic johnson buys la dodgers

NBA Hall of Famer and businessman extraordinaire Ervin “Magic” Johnson has announced that he – and the other members of the Guggenheim Partners are interested in becoming the new owners of the Los Angeles Dodgers.

“I’m a big baseball fan 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.”

If the plan goes through, Johnson will become the first black owner in MLB history. Magic and the Guggenheim group have more than $125 billion at their disposal. Their biggest competition will be billionaire businessman and Dallas Mavericks owner Mark Cuban, and seeing that his team just won the NBA Championship, he’ll be stiff competition.

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