Skip to main content

Report: Magic Johnson's Ownership Group Leads Bidding For Dodgers

NBA legend Magic Johnson and former Washington Nationals president Stan Kasten currently are leading the bidding to become the next owners of the Los Angeles Dodgers, according to Forbes.

The potential ownership group led by Kasten and Johnson submitted a $1.6 billion bid to buy the franchise. According to Forbes, the bid would be partially financed by private equity.

The team is being put on sale by outgoing owner Frank McCourt after financial woes have forced him into bankruptcy. Major League Baseball took over financial control of the team early last season when it was reported that McCourt had to take out several high risk loans in order to make payroll.

© 2024 ABG-SI LLC. SPORTS ILLUSTRATED IS A REGISTERED TRADEMARK OF ABG-SI LLC. - All Rights Reserved. The content on this site is for entertainment and educational purposes only. All betting content is intended for an audience ages 21+. All advice, including picks and predictions, is based on individual commentators’ opinions and not that of Minute Media or its related brands. All picks and predictions are suggestions only. No one should expect to make money from the picks and predictions discussed on this website. For more information, please read our Legal Disclaimer. Gambling content intended for 21+. If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER.