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So who exactly now owns the Dodgers?



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So who exactly now owns the Dodgers?


By Steve Dilbeck

May 3, 2012, 12:29 p.m.

Seems like a simple enough question. Seems like a pretty basic one. Like one the new owners would want to answer, what with the fans having just been dragged through an ownership nightmare.

Alas, at their morning press conference Wednesday it wasn’t happening. Guggenheim Baseball Management is the new owner of the Dodgers.

After that, it’s fill in the blanks. As if you could. At least for now.

Six individuals were introduced at the press conference, but exactly who owns how much of the team was left unanswered.

Mark Walter, CEO of Guggenheim Capital, is the controlling partner. Magic Johnson, Stan Kasten, Peter Guber, Todd Boehly and Robert Patton Jr. are the other partners. And then, of course, there is Guggenheim Capital itself. Anyway, I think so.

When you purchase something for $2.15 billion, no percentage is a small financial amount. Still, clearly some own a comparatively small amount of the team. But who owns how much?

“I’m not going to get into that because Mark has 100 percent of the control of the votes, to the extent that there are votes,” Kasten said. “That’s all you really need to know. Think of Mark, and think of 100 percent, and put them together. How’s that?”

Uh, completely unfulfilling. Somewhere the puck stops, or at least the bill. Only Magic was willing to discuss what percentage of the team he purchased, even if he was less than precise.

“It will pencil out about 3, 4 percent. It doesn’t really matter,” Magic said.

“When you can write a $50-million check, whether it's two, one, four, five. ... The main thing is I had the ability to do it, to write it, and then the main thing is that I'm going to be involved.”

Guber said Guggenheim owns the largest amount of the team, and Kasten suggested it didn’t own any at all.

Said Guber: “They have the biggest hunk, that’s for sure.”

Said Kasten: “This has nothing to do with the Guggenheim company. We used the Guggenheim name. It’s not related to the Guggenheim company. These are Mark and his partners, many who are involved in the Guggenheim company.”

If true, that would at least mean if Walter were to somehow fall out of favor with Guggenheim and lose his job, it would not impact his role with the Dodgers.

“That’s correct,” Kasten said.

It’s strange that the team’s ownership would be left so unspecified. Many fans are weary, beaten down and suspicious. They want to have confidence in the new ownership group, and you’d think it would be doing everything it could to win that trust back. Like being open about who owns what.

Steve Lopez: For Dodgers and Junior Seau, all about money


May 3, 2012 | 10:20 am

Here's a morning double-header, something on the Dodgers and something on San Diego Charger legend Junior Seau:

It was nice to see that the new Dodgers owners kicked Frank McCourt around Wednesday, promising he won't get a nickel from parking revenues. And it was nice to hear the parking fee will be dropped from $15 to $10.

But if you polled the fans, I think they'd rather be able to buy a hot dog without missing half the game while standing in those ridiculous lines. The new owners said they're working on that, too, but what's there to work on?

Fire Levy, which has the contract, if they don't come up with a better system immediately. You order your food, and the clerk has to personally roam the concession box like it's an Easter egg hunt. Then begins the checkout.

Can we please have one clerk ring up the order and take the payment while backup staff gathers and delivers the food?

Now, as for Junior Seau, we don't know why he apparently shot himself in the chest, but we know another NFL retiree did the same and left a note saying he wanted to preserve his brain for study to determine the long-term damage of all those nasty hits.

Well, guess what.

The NFL and its teams promote those hits.

The fans celebrate them.

The highlight reels are like demolition derbies.

And it's all about money, no surprise. Even the players have bought in, as the New Orleans Saints head-hunting scandal has proved.

If Seau's death has anything to do with depression or cognitive loss because of decades of head-bashing, it's one more reason to ban and heavily penalize savage hits, improve the helmets, and quit celebrating and profiteering from the violence that reduces one-time legends to sad, addled warriors, old and gone before their time.

Dodgers close to signing ex-Angel outfielder Bobby Abreu


By Dylan Hernandez

May 3, 2012, 9:41 a.m.

Get your arms around this one: The Los Angeles team with the best record in its league is about to pick up a reject from the Los Angeles team in its division cellar.

That’s right, the Dodgers’ new owners are on the verge of acquiring their first player and it’s Bobby Abreu.

The team is closing in on a deal with the former Angels outfielder, according to multiple people who spoke on the condition of anonymity because an agreement hasn’t been finalized.

Abreu, who was released by the Angels on Friday, in theory would provide a left-handed bat off the bench and an occasional starter in left field, one source said. The 38-year-old could be in uniform as early as Friday for the start of the Dodgers’ series against the Chicago Cubs in Wrigley Field, another  indicated.

Because Abreu was released, the Dodgers are only obligated to pay him a prorated share of the major league minimum salary, which is $480,000 annually. The remainder of his $9-million contract will have to be paid by the Angels. It's just like the old days.

The Dodgers could clear room on their roster by placing Juan Uribe on the disabled list. Uribe reinjured his troublesome left wrist Tuesday. Otherwise, they’re in a roster squeeze.

Abreu hit 20 home runs as recently as 2010, but otherwise has been in the kind of decline you would expect from someone who is 38. Abreu’s production slipped last season, when he hit .253 with eight home runs and 60 runs batted in for the Angels.

The Angels’ addition of Albert Pujols and return of Kendrys Morales relegated Abreu to a bit role this season, which left him disgruntled. He played in eight games before being released to clear room for top prospect Mike Trout.

Abreu has made two All-Star teams over his 17-year career, which included stints with the Houston Astros, Philadelphia Phillies and New York Yankees.

The Venezuela native is only one of four players in major league history with at least 500 doubles, 250 home runs and 350 stolen bases. The others: Barry Bonds, Rickey Henderson and Craig Biggio.

DAILY NEWS



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