Magic Johnson invests in the L.A. Dodgers
The Dodgers have a new owner. The troubled franchise will be bought up by a group of investors, Magic Johnson among them.
And Johnson joins a growing list of celebrities investing in sports teams. But does making that kind of big investment really pay off for them? Does it increase their fame?
Here to talk with us in today’s Mid-day Extra is Eric Fisher of SportsBusiness Journal.
The Former Lakers star heads a group of investors that bought the Dodgers for $2 billion. If the sale goes through it would be a record price for a sports team the last one was set in 2009 When The Chicago Cubs sold for $845 million.
Now, just for comparison’s sake, here’s what else you could buy for $2 billion these days: season tickets to see the Dodgers for the next 308,000 years. Or about 444 million dodger dogs — and I’ll bet if you buy that many you can have as many ketchup packets as you want.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
