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Dodgers' new owners introduce themselves to LA

May 2, 2012 12:00:00 AM PDT
The new owners of the Los Angeles Dodgers, including Lakers legend Magic Johnson, introduced themselves to the city at a news conference on Wednesday.

Johnson announced some good news right at the top of the conference, saying parking at Dodger Stadium will be cut from $15 to $10.

The basketball icon also said his commitment to the Dodgers is long term.

"So believe this. We're going to win again, and hopefully all of you will come and support that winning organization. Hopefully, you will support Dodger pride. We're committed for the long haul," he said.

The news conference at Dodger Stadium came a day after the team officially emerged from bankruptcy, ending Frank McCourt's ownership of the team.

McCourt no longer has any connection to how the team is run. However, the new owners said if there is future development at Dodger Stadium, McCourt will have a financial interest.

The Guggenheim Baseball Management Group paid a little more than $2 billion for the Dodgers. Earlier this month, a federal bankruptcy court officially approved the sale. The Dodgers entered bankruptcy in June 2011 during a bitter dispute with Major League Baseball. At the time, baseball Commissioner Bud Selig refused to approve a new TV deal with Fox Sports that the team was counting on in order to make payroll and keep the franchise solvent.

In addition to Johnson, other members of the group include Chief Executive Officer Mark Walter, who is the controlling partner, and former Atlanta Braves and Washington Nationals President Stan Kasten, who will be the Dodgers' new president.

The ownership group also placed a full-page advertisement in the Los Angeles Times Wednesday, promising a commitment to putting a winning team on the field as well as a commitment to city residents, all in an effort to get off on the right foot with Angelenos.

The Dodgers are playing incredible baseball right now. They have the best record in the National League, and they beat the Colorado Rockies 7-6 Tuesday night.


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