Who Owns The Los Angeles Dodgers?
The Los Angeles Dodgers are owned by Guggenheim Baseball Management, a group headed by Mark Walter. The group includes Magic Johnson, Stan Kasten, Peter Guber, and Todd Boehly.
Since taking over the team, Guggenheim Baseball Management has made a number of significant changes. They’ve invested heavily in player development and scouting, leading to a farm system consistently ranked among the best in baseball. They’ve also made significant renovations to Dodger Stadium.
Under their ownership, the Dodgers won eight consecutive National League West titles and the franchise’s first World Series since 1988 in the Covid-shortened 2020 season. They are widely considered to be one of the best-run teams in baseball and all of sports.
Who Previously Owned The Dodgers?
The McCourt ownership group purchased the Dodgers in 2004 for $430 million. At the time, it was the most ever paid for a baseball team. The couple put up $100 million of their own money and took out a $350 million loan to finance the purchase. Frank McCourt soon ran into financial trouble and had to take out more loans to keep the team afloat.
In 2009, he defaulted on the loans, and the Dodgers were forced into bankruptcy. Ultimately, he agreed to sell the team to Guggenheim Baseball Management (as stated above) for $2 billion. A bankruptcy judge approved the sale in 2012, and the new ownership group took over.
Why Has The Team Been So Successful Over The Past Decade?
The team’s ownership has been stable and committed to the franchise’s long-term success, while its front office has consistently made smart decisions in both the draft and free agency. As a result, the Dodgers have been one of the most successful teams in baseball over the past decade.
There are a number of reasons why the Los Angeles Dodgers are such a well-run organization. First and foremost, the team has stable and committed ownership focused on long-term success. The Dodgers have also been very smart in both the draft and free agency, building a deep and talented roster that has allowed them to be successful even in years when they haven’t had the highest payroll in baseball.
And most importantly, the team’s front office has done a great job of creating a winning culture, instilling a sense of pride and commitment in every player that wears the Dodger uniform.