Can Mark Walter’s Dodgers Magic Unlock a Championship Future for the Lakers?
Walter’s tenure began as the lead investor in the Guggenheim Partners’ purchase of the Dodgers after the disastrous McCourt era. The team was mediocre, attendance was declining and the finances were in free fall. Let’s put it this way: The soon-to-be-divorcing Frank and Jamie McCourt paid a Russian spiritualist hundreds of thousands of dollars to channel positive vibes to the team — from Boston.
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So the bar for Guggenheim was pretty low when it bought the team, but it still took quick steps to earn credibility with fans. Bringing in Magic Johnson as the face of the new ownership group was a great start, as was adding veteran executive Stan Kasten to serve as team president.
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