The Guggenheim Partners and other Dodger owners have decided that it’s time for them to take some cash out of the Dodgers. They are looking to sell a minority ownership of the Dodgers franchise, but not sell any of the controlling interest. Sounds like certain tech companies that invent a new type of stock which has no voting rights.
The Guggs think that the Dodgers are now worth $2.5 billion, as opposed to the $2.1 billion that they paid.
I can’t imagine what this board thinks of this prospect. In the past, we’ve joked about buying a piece of the Dodgers. But that was back when the Dodgers were going bankrupt. Now is your chance to invest in this bloated baseball baby, and get nothing in return.
More pictures: (1) here are all of the owners:
(2) Here is the Cash they are looking for: