SOCI 3670 Lecture Notes - Lecture 9: Magic Johnson, Corporate Welfare, Leviathan
Document Summary
Magic johnson buy la dodgers for 2 billion: most ever paid for a sport franchise, purchased in attempt to create a feel-good global brand, desecrating the ownership suits of major league baseball. Magic is a figurehead on a purchase that looks worse the further you look beyond that billion-dollar smile . Arena using fan money to renovate and higher the lapd as official security. New cable television contract for the dodgers means all angelenos will pay a higher cable bill (cost of buying dodgers will be passed on to the already cash-strapped city of la) Magic, along all other major league franchise owners, sit on a financial sport bubble. Sport stadiums used to bond families and friends, now is seen as a real estate leviathan too expensive for family outings. Roger goodall (nfl commish) attempts to understand the economic crisis citizens face the league will be mired in crisis unless greedy players play longer for less .
