When the Los Angeles Dodgers spiraled into bankruptcy court amid the divorce between Jamie and Frank McCourt, MLB intervened to help facilitate the sale of the team. But rather than oversee the entire process, MLB agreed to allow Frank to essentially hold an auction.
In stepped Guggenheim Baseball Management, who purchased — and rescued — the team in 2012. The Dodgers have won over 90 games and reached the playoffs in every full season during Guggenheim’s tenure.
At the point of sale the ownership comprised of Stan Kasten, Mark Walter, Magic Johnson, Bobby Patton and Peter Gruber.