"The sale price shattered the $1.47 billion Malcolm Glazer paid for English soccer team, Manchester United, in 2005. However, hedge fund manager Steve Cohen then broke the Dodgers' record by purchasing the New York Mets for $2.4 billion in 2020."
"Upon officially taking control of the franchise, Guggenheim immediately moved to inspire faith from the fanbase and get the team back on a competitive path."
"Since the ownership change in 2012, the Dodgers have won five National League pennants (2017-18, '20, '24-25) and three World Series championships ('20, '24-25)."
Frank McCourt sold the Los Angeles Dodgers to Guggenheim Baseball Management for $2 billion in May 2012, surpassing the previous record of $1.47 billion. McCourt had purchased the team for $420 million in 2004. The sale followed a period of bankruptcy and operational takeover by MLB. Under Guggenheim's ownership, the Dodgers have won five National League pennants and three World Series championships, establishing themselves as a model franchise with consistent leadership.
Read at Dodger Blue
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