New Dodgers Ownership Group Introduced In Press Conference

The Los Angeles Dodgers introduced their new ownership group on Wednesday at Dodger Stadium, as Guggenheim Baseball Partners formally took over the franchise. New controlling partner Mark Walter said, "I viewed it as a once in a lifetime opportunity to own the most fantastic franchise in all of sports."

But many of the questions were about former owner Frank McCourt and his ongoing role in the land surrounding the stadium.

"Every aspect of the operation at Chavez Ravine that relates to baseball, parking and everything, is controlled and managed by us, and all of those revenues go to this organization," Walter said. "The former ownership does have an economic interest in a certain amount of the profits that might come from potential development in the future."

"We own it 100%. He doesn't get a dime from the parking," said Magic Johnson.

The group said the Dodgers have no plans to develop the land, though in the future that could change.

"If he's a part of future development so what? What's important is that there's new owners sitting here," said Johnson. "There's new direction, there's a new era, and we're moving this franchise forward."

Legendary Dodgers announcer Vin Scully emceed the event, and as someone who has been around since 1950 he had a message to the new ownership group.

"I am telling each and every one of you right now. This is the last new ownership press conference I will ever attend," Scully said.

For more news and information on the Dodgers, be sure to read True Blue LA.

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