The Los Angeles Dodgers have become one of professional sports' most valuable franchises, with their estimated worth rising dramatically under Guggenheim Baseball Management. The ownership group, led by Mark Walter and featuring former NBA star Magic Johnson, has overseen a remarkable increase in the team's financial standing since taking control in 2012.
The ownership transition became official on May 1, 2012, when Guggenheim completed its $2 billion purchase from Frank McCourt. The transaction ended a difficult period for the franchise, which had entered Chapter 11 bankruptcy proceedings under McCourt's ownership. The deal also included an agreement involving Dodger Stadium and surrounding property.
The purchasing group included Walter, Johnson, longtime baseball executive Stan Kasten, Peter Guber and other investors. Walter became the controlling partner, while Kasten assumed the role of team president and CEO. Johnson also became a prominent public representative of the new ownership group.
More than a decade later, the financial results have been substantial. Forbes' 2026 MLB team valuations place the Dodgers at an estimated $7.8 billion, making them the second-most valuable f...