Guggenheim Baseball Management
Guggenheim Baseball Management is the ownership group that was formed to acquire the Los Angeles Dodgers professional baseball team in 2012 for USD 2.15 billion in cash. Billie Jean King and her partner Ilana Kloss joined the LA Dodgers ownership group in 2018. Entrepreneurs Alan Smolinisky and Robert L. Plummer will join the group in September 2019.
About Guggenheim Baseball Management in brief
Guggenheim Baseball Management is the ownership group that was formed to acquire the Los Angeles Dodgers professional baseball team in 2012 for USD 2. 15 billion in cash. Billie Jean King and her partner Ilana Kloss joined the LA Dodgers ownership group in 2018. Entrepreneurs Alan Smolinisky and Robert L. Plummer will join the group in September 2019. In the late 90s, Rupert Murdoch’s Fox Entertainment Group bought the Dodgers from the team’s original owner, the O’Malley family. Fox in 2004 sold the team to Frank McCourt, a Boston real estate developer. McCourt was accused of saddling the Dodgers with debt and dipping into team funds to pay for personal expenses. On June 27, the Dodgers filed for Chapter 11 Bankruptcy protection. On March 27, 2012, McCourt agreed to sell the team for a record price ofUSD 2.15 billion, the highest ever paid for a professional sports team at the time.
On January 28, 2013, the LA team and Time Warner Cable signed a 25-year broadcast agreement valued at USD 8. 35 billion, subject to the approval of Major League Baseball, which would see the establishment of a new channel known as SportsNet LA. The deal ended long-standing broadcast partnerships with Fox Sports West, which had aired Dodgers games on its Prime Ticket channel since 1997; and with KCAL-TV, an independent station which had been the Dodgers’ over-the-air broadcast television outlet since 2006. The agreement increased the number of games aired by Prime Ticket and KC-TV by more than four times compared with the 2014 season. The Dodgers games were carried in nearly 100 times in 2014 compared with 49 times in 2013. The new channel was most limited in the inaugural 2014 season, when it was carried by Bright House Networks in Los Angeles.
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This page is based on the article Guggenheim Baseball Management published in Wikipedia (as of Dec. 05, 2020) and was automatically summarized using artificial intelligence.
