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MarketWatch’s Jon Friedman breaks down whether the new owners overpaid for the L.A. Dodgers.
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A group of investors including NBA legend Magic Johnson.
They have agreed to buy the Los Angeles Dodgers for a record two billion dollars highest price paid for sports franchise -- Jon Friedman from MarketWatch follows this industry media generally he's where -- now.
Justify a two billion dollar price tag on a graceful thing can't you can't so why -- -- Well because first of all the future mister -- -- -- the future holds very big -- Los Angeles to great baseball market great media market.
-- -- -- They want -- -- the team with a huge vanity -- you who else is within that with Magic Johnson although many other bidders of -- -- -- -- people from notes in the group that -- Peter -- the Hollywood producer.
This is well known and stamp pads and -- of a best of best of all and then baseball veteran who knows sports business -- of things you have.
Magic is a great frontman Peter -- North Hollywood and you have to -- to great dream team so you think it's going to be a celebrity of baseball team and ever so excited until -- Angeles again so you have all these celebrities sitting in -- doctors and -- seats right up front that another way to go away we want -- movie stars.
Will rock stars well what's your judgment -- book.
I think it could work only -- magic is so charismatic he's a winner and new wins and everything basketball business.
He wins everything he does and he's determined to make this a success.
Does this raise the value of all other sports franchises always -- a special stand alone case all boats.
Lifts all boats and -- who may be sold eventually to.
Here in New York.
-- While if a bank -- got a certain.
Or other boats can compete I -- OK LA you have Hollywood could you know you're gonna have to raise the price of everything from hot dogs to the content in the it's gonna be ten dollars to state -- you know to get bottled water.
The other areas around country can't come like that you can't have families coming in paying that kind of money.
Of course not but every -- flight to have a good basketball to baseball football the rich get richer all the time.
Do need to tell me that people actually go to a baseball game -- watch it on TV because Hollywood celebrity's home watching the game.
Was there will be blunt Q1 Q1 -- people love that LA is all about glamour away is all about glitz.
And bullying and all of that instance showtime and if people want to see -- -- -- yeah.
Well I think we were just talking about the next to my son only went to an -- -- -- -- -- to -- -- Not -- The players who had nothing whatsoever -- order if a baseball team and and California is worth two billion want to football team what the New York.
-- to -- -- baseball's every day baseball the constant business football's once a week so it's tough to say football at BTV -- giving them.
Hello may be -- One something wouldn't change that's it less than they -- baseball team at the -- I took -- could be totally wrong but I can't Manchester United actually is one of the most valuable -- -- talking real back.
I.
Thank you Barcelona.
And Madrid was on -- in Los Angeles had that would who mostly for the angels cross town down Anaheim which is a very big deal to the -- got to compete against approvals.
Look jumped in late may and you got it got hi John Freeman everybody nuts and.
