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All right what do we -- now we've got a group led by Magic Johnson.
He's paying two billion dollars to -- the Los Angeles Dodgers reports say they outbid the other grew by 600 million.
Question did magic Johnson's group over pay.
Obvious question joining is -- Steve Phillips is the former general manager of the New York -- he's -- -- full video.
-- well OK what do you look at professional sports the next highest franchise value is one point one billion Miami Dolphins a few years back.
It's have been significantly overpaid -- -- -- is they're gonna get regional sports network and start to make back some of that money.
But you got the Los Angeles Angels out there with a regional sports network you're you're gonna end up with the lakers -- the -- were there were only so much programming to go around.
You really wonder what they're gonna -- put together with a -- -- -- holidays -- -- -- a look it's it's a crazy number but you know what it's good for dodger fans as they get testimony that ownership group that's good for everybody is nick is now some estimates say the Yankees are now going to be valued at over three billion dollars the brilliant thing here is.
Frank McCourt the previous owner the Dodgers walks away with what I'm told north of 800 million.
Well how did that happens video.
Just unbelievable Amir I came in here when this hoping -- is gonna go bankrupt and lose the team to loosen up auction yeah here's this is the biggest -- in baseball history the basic.
-- and he he bought the team reported thirty million in financial had very little cash you put in the deals -- no cash and he accumulated about 500 -- nine million in debt.
He had a 150 million dollar loan in Quebec region based on the divorce so it was a 130 million dollars he's -- two point what whether he's gonna come out of over 800 million dollars in the deal he bought the team at twelve and -- clear if okay should the deal.
And still has some rights the development of the real estate around Dodger Stadium -- -- unbelievable the.
He -- the what I wrote in Los Angeles I love the doctors growing up 1988.
Oral advertiser to winning the -- your source.
I'm Magic Johnson we love our star suspects -- sports stars of this two billion dollar price tightening look -- -- doctors to sell more tickets because you have more star power.
Get better players if they need them I don't know what your thoughts on that well.
I think that certainly the price was significantly got some people -- -- to have some money so think that's an important factor and it's been captive to baseball guy with Magic Johnson.
Who's the most important -- that team because he gets baseball.
It will allow them spend one of the questions how much additional cash will they have they've put two billion dollars cash in the -- this is gonna find is still to put all this money in this cast.
So I think it's good for the the Dodgers they're gonna go to get players next offseason to be much more competitive.
All right I've got to raise an issue which you know is joining the -- Now is it writes is it correct to say that the baseball season opened up.
The official first game of the season has already been played and nobody knew Steve I find this fascinating because what -- play the west.
Nobody knows there is this is the eighth mariners is -- we're not on local it was not on live national television on tape delay people was this it.
For major -- very poor more important at this why didn't -- -- it it it wasn't mistaken played Japan and the international growth of the game is critical my team with the Mets did in 2000 it over -- -- the -- it was great experience it was good grateful for the marketed it.
We were -- right there portfolios I -- there -- play but I might be the only one in New York City you had to know they they were -- But it was the wrong team's -- West Coast teams even if they broadcasted live.
It was 3 o'clock in the morning Pacific if you don't know -- got that out did you say the eight Jillian.
Unless want to own it marketed -- -- get people to buy into breakfast -- based in the past they did and I don't know what happened this time around but it clearly was mr.
-- site was -- the Asian mariners all the all these opening -- -- -- Seattle Mariners and it wasn't even on locally you know we -- -- -- Seattle.
We'll make a lot of -- You know that a lot of business relationships spirits good television partners there's as well.
Plus it helps brand franchises we would bring players -- -- a lot of good reasons to do it but they didn't market it nearly like Olsen I didn't -- with a buy.
Big Phillips thank you --
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