Tru was the first to break the news. Lots of web sites are now reporting it:
This is good news but not great news. It is troubling that the premium price paid may not have included the parking lots. The following quote was part of the many stories:
“As part of the agreement, the Dodgers said McCourt and “certain affiliates of the purchasers” would acquire the land surrounding Dodger Stadium for $150 million.”
What does this mean? That McCourt sold everything but then has the option to buy back the land? And which land does it include? Are Dodger fans still going to be paying McCourt to park at the stadium?
On the plus side, we get a winning leader, Magic Johnson, as the PR face of the team and a proven winner in Stan Kasten who put together the fantastic Atlanta Braves teams of the 1990’s.
I just hope these new guys are smart enough to make a lot of money from a new media deal which hopefully be funded by commercials and not by raising cable rates. If they try to get their money back directly out of the fan’s pockets, it might cost a typical family well over $500 to attend a game.