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MLB takes over Dodgers -- Update 2; Magic Johnson group gets club for $2 billion

Discussion in 'Sports and News' started by MileHigh, Apr 20, 2011.

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  1. LongTimeListener

    LongTimeListener Well-Known Member

    So a company uses its insurance pool to engage in speculation and creates a bubble with wildly overpriced paper assets, all the while keeping customers in the dark about possible exposure. Pfffft. What could possibly go wrong?
     
    LongTimeListener, Apr 10, 2012
    #265
  2. YankeeFan

    YankeeFan Well-Known Member

    Article points out that at least when the Ontario Teacher's Pension Fund owned the Maple Leafs, the fund itself was the owner, not the fund manager.

    This guy gets all the potential upside. His investors/insured get all the risk. Nice deal if you an get it.
     
    YankeeFan, Apr 10, 2012
    #266
  3. TigerVols

    TigerVols Well-Known Member

    It ain't over till the fat juror sings...McCourt's ownership of the Dodgers under criminal investigation.

    http://www.latimes.com/sports/dodgersnow/la-sp-dn-mccourt-dodgers-grand-jury-20120530,0,1793603.story
     
    TigerVols, May 30, 2012
    #267
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