Todd Boehly (left) and Mark Walter at Guggenheim's New York offices
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.
The team "behind" Magic Johnson -- Guggenheim Partners -- turned out to be the main force in the deal, and the eye-popping Dodgers acquisition has been only one of a handful drawing ever more attention to the firm. The New York- and Chicago-based operation has been turning up everywhere in Los Angeles. In September, a Guggenheim group spent a reported $370 million for Dick Clark Productions, the company that produces the Golden Globes telecast and So You Think You Can Dance. A few years before, Guggenheim teamed up with other investors to buy seven trade publications, including the Hollywood Reporter.
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