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Magic Johnson Might Be Interested In Buying Los Angeles Clippers! He Wants To Take Them Away From Racist Owner Donald Sterling! YES! Get The Deets!

Magic Johnson is interested in taking the Clippers away from racist owner Donald Sterling!

This weekend, basketball legend Magic Johnson was the center of a racist rant by Los Angeles Clippers owner Donald Sterling, which is causing a TON of controversy!

Well the former NBA champ has a simple solution to take the franchise out of the hands of the disgusting owner. He'll simply buy them!

Magic and his billionaire buddies at the Guggenheim Partners are reportedly VERY

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The Dodgers Have OFFICIALLY Been Sold To Magic Johnson And His Crew

Filed under: ZportzBusiness BlitzBaseballMagic Johnson

Magic Johnson dodgers

The Dodgers have kicked off their season with a phenomenal record, but now the new owners can finally start rejoicing because the $2 billion deal is officially CLOSED!

Magic Johnson is now the public face of the major league ball club with Mark Walter running things behind the scenes while Stan Kasten serves as CEO.

“The Dodgers emerge from the Chapter 11 reorganization process having achieved its objective of maximizing the value of the Dodgers through a successful Plan of Reorganization, under which all claims will be paid. The Dodgers move forward with confidence — in a strong financial position; as a premier Major League Baseball franchise; and as an integral part of and representative of the Los Angeles community.”

Former owner Frank McCourt, who drove the team into bankruptcy, didn't make out too bad either. He reportedly made about a billion bucks through the deal and still got to maintain some ownership of the stadium's parking lot.

One would think all this financial turmoil would have affected the team's game, but they are better than ever. Matt Kemp and the rest of the Dodgers crew are #1 in the National League West!

Keep up the good work, guys! Playoffs are a LONG way off!

[Image via WENN.]

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Dodgers' Season Ticket Holders File Motion To Protect Their Interests

Filed under: Legal MattersBaseball

Dodgers logo

As you may know by now, the Los Angeles Dodgers have been experiencing some financial difficulty and owner Frank McCourt was forced to file for Chapter 11 bankruptcy this past summer.

Now the team's faithful followers have filed a motion of their own to protect their interests as McCourt struggles through court proceedings to save his team.

Season ticket holders have filed court documents with the bankruptcy court in Delaware to establish a formal committee of more than 17,000 season ticket holders.

Since some have poured up to $150,000 a year into the team, their goal is to make sure Dodger funds are being used for what they consider the most important part of the "fan experience".

Basically, they want to make sure any money McCourt gets is used appropriately, for instance, to acquire new players, meet payroll, renovate the stadium, and operate concessions.

After a Giants fan suffered a brutal beating outside the stadium, the documents emphasize the need for increased security.

Sources report that if the motion is approved, they may have a voice in future decisions about the team.

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$1.2 Million Bid For The Dodgers!

Filed under: Business BlitzBaseball

McCourt Dodger Offer Chinese Investors

A group that has bid $1.2 million for the struggling Dodgers is large, and includes some Chinese investors!

Embattled Los Angeles Dodgers owner Frank McCourt has received a record $1.2 billion, all-cash bid for the franchise, with some of the money coming from investors linked to the Chinese government, according to the Los Angeles Times.

The offer comes from Los Angeles Marathon founder Bill Burke and would be funded by American investors and "certain state-owned investment institutions of the People's Republic of China," according to a letter sent to McCourt and obtained by the Times.

People are skeptical about this offer, as the Dodgers were valued at $800 million by Forbes last year. Which might actually be less now, due to the financial troubles they're in.

McCourt still maintains that he doesn't want to sell the franchise, though!

If it did happen though, it'd be a record setting purchase price!

[Image via AP Images.]

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Dodgers File For Bankruptcy!

Filed under: Legal MattersBaseball

Frank McCourt Bankruptcy

Uh-oh!

After a $3 billion deal television deal with FOX Sports was rejected by Major League Baseball Commissioner Bud Selig, the Los Angeles Dodgers have been forced to file for bankruptcy!

Owner Frank McCourt filed for Chapter 11 bankruptcy, which allows the team to continue to operate. However,

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MLB Rejects Dodgers TV Deal With FOX

Filed under: ZportzLegal MattersBaseball

This won't help Frank McCourt maintain control of the Dodgers!

The owner and the El Lay baseball organization has been in financial trouble for quite some time now, but most recently has suffered another set back.

Baseball Commissioner Bud Selig has rejected a proposed $3 billion television deal between the Dodgers and Fox Sports because he believes the deal is not in the best interest of baseball and will further divert team assets to McCourt's personal needs.

McCourt has been struggling to pay his players since the beginning of the season, so without this deal it is uncertain whether he'll maintain control of the team or Commissioner Selig will take over.

Check out the video above for the full sports scoop!

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FOX NOT Buying The Dodgers, But Someone Else Might

Filed under: Legal MattersBaseball

Frank McCourt

Frank McCourt, the owner of the Los Angeles Dodgers, originally bought the team from FOX in 2003, but due to the clubs financial trouble, he has recently received a $30 million loan from the network to pay his players!

While there was speculation that FOX may want their team back, apparently owning a baseball team doesn't fit in with their business model and will stick to just broadcasting El Lay team.

However, the Major League Baseball commissioner Bud Selig was not too happy to hear about this loan and had actually told McCourt, who was already in financial trouble, he could no longer use loans to fund the team.

In response to the payroll loan, the commissioner has seized the control of the team by appointing a representative to oversee the "business and the day-to-day operations of the Club."

While McCourt is already preparing a lawsuit against the major league, Selig has said they are looking into "the possibility of replacing the owner."

Sounds like the Dodgers are in a lot of trouble! No wonder FOX doesn't want them back! Ha! We'll see if Frank, who had to fight his ex-wife to maintain ownership, will be able to win this fight against the MLB.

[Image via Getty Images.]

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