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Magic Johnson To Make BILLIONS Through Dodgers TV Revenue
We previously mentioned that Magic Johnson and some buddies bought the Dodges for an astonishing $2.15 BILLION.
And we're assuming U were just as shocked as we were.
So how will they make that money back, U ask?
TV revenue.
Once the Dodger's exclusive contract with Fox ends in 2013, the team will be able to take bids from other networks.
Estimates have already reached as high as a possible $4 BILLION in revenue!
Just from TV!
A sports firm consultant said:
"This whole deal is dependent on the broadcast revenues. In many ways it was not a baseball team being marketed; a broadcast property was being marketed."
Which means they won't have to raise ticket prices and risk alienating fans.
Gotta spend money to make money we guess!
[Image via DJDM/WENN.]
Tags: ad, baseball, billion, broadcast, deal, dodgers, fox, money, sports, team, tv revenue
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