A recent ownership change in the World of Sports has inspired me to write this weeks blog post on Regime Change. Recently, the LA Dodgers were up for auction and the famous basketball legend “Magic” Johnson led the ownership group to the acquisition of the historic baseball franchise.
The ownership group led by Magic Johnson won the bidding for the Dodgers late Tuesday night in an auction worthy of Sotheby’s that even included (Chad) Billingsley.
However, this acquisition did not come without a price, and a price it was at a gigantic price tag of $2 billion!! Now to these millionaires this is “chump change,” but just imagine the other benefits this money could go towards.
Furthermore, I’m sure you’re all wondering how this deals with Regime Change, and originally I was wondering myself as well. A Regime Change can be defined as an overthrow of a company or organization that is considered an illegitimate regime and replace it with a legitimate regime. In terms of ownership, this is exactly what happened.
Regime change rarely has looked so inviting.
Things went downhill under the ownership of McCourt and there was very little hope for the ball team. Just like the government, it takes a new leader to bring the government out of the rubble and from corruption, and the like the Dodgers, they need a new owner to turn the team around and gain hope for the organization. Frank McCourt:
Single-handedly did what two-plus decades of failing to win a World Series couldn’t do: He drove Los Angeles baseball fans away by the thousands.
A miracle happened with a little “Magic”