Dodgers owner’s $2B score means Red Sox worth more, analyst says
By Jerry Kronenberg
Thursday, March 29, 2012 - Updated 7 hours ago
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The Los Angeles Dodgers’ $2 billion price tag boosts the Boston Red Sox [team stats] organization’s value to $2.5 billion — trailing only the New York Yankees as the sports world’s priciest franchise, a top expert says.
“I’m not saying I think the Dodgers are really worth $2 billion, but if they are, the Red Sox are worth more than that,” sports business expert Mark Ganis told the Herald.
A group led by multimillionaire Stan Kasten and ex-Los Angeles Lakers star Earvin “Magic” Johnson agreed late Tuesday to pay $2 billion for the Dodgers.
Dodgers owner Frank McCourt, a former Hub businessman who drove the team into bankruptcy, had bought the franchise in 2004 for $430 million.
The parking lot magnate may actually collect around $1 billion from the sale after paying off all the Dodgers’ creditors and his ex-wife, Jamie McCourt.
Ganis estimates the Dodgers’ price tag makes Fenway Sports Group — which includes the Sox, Fenway Park [map], the Liverpool soccer team, a large stake in New England Sports Network and other assets — worth $2.5 billion.
But all that still trails the Yankees organization, which Ganis values at $3.5 billion.
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jkronenberg@bostonherald.com
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