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ArtikelGuggenheim is Flexing Its $170 Billion Muscles  
Oleh: Bandler, James ; Cendrowski, Scott
Jenis: Article from Bulletin/Magazine
Dalam koleksi: Fortune vol. 167 no. 4 (Mar. 2013), page 40-45.
Topik: Financial Firms; Buyout; Sports Team; Investment Companies
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Isi artikelWhen the bidding began last winter for the Los Angeles Dodgers -- a storied baseball team in America's capital of glamour -- the lengthy list of suitors was predictably studded with bold-faced names. There were TV celebrities like Larry King, baseball luminaries like the former Dodgers great Steve Garvey, billionaire investors such as hedge fund mogul Steve Cohen, and prominent owners of other teams, such as Stan Kroenke of the NFL's St. Louis Rams. Fittingly enough, the winner was a charismatic superstar with local pedigree: retired Los Angeles Lakers legend Magic Johnson. Or rather, the victors were, as the headlines typically put it, "a team led by Magic Johnson." Sports fans across the country gasped at the audacious size of the triumphant bid: $2.15 billion. That sum obliterated the next highest reported offer, from Cohen, by a staggering $850 million. The difference between the two bids was larger than the previous record for a baseball club: $845 million for the Chicago Cubs in 2009.
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