Bloomberg News

Mandalay CEO Peter Guber Said to Join Magic Johnson Dodgers Bid

March 15, 2012

Peter Guber, chief executive officer of Mandalay Entertainment Group and co-owner of basketball’s Golden State Warriors, joined Magic Johnson’s contingent trying to buy Major League Baseball’s Los Angeles Dodgers, a person with knowledge of the situation said.

Guber, 70, would be an investor in the group that also includes Mark Walter, chief executive of Guggenheim Partners LLC, and Stan Kasten, a veteran baseball executive who would run the team if the bid is successful.

Mandalay makes movies, television shows and owns minor- league baseball teams, including the Dayton Dragons, who count Johnson, a Basketball Hall of Fame member, as an investor.

The person was granted anonymity because no one is authorized to discuss the ownership group publicly. Guber declined to comment, Warriors spokesman Raymond Ridder said yesterday in an e-mail.

Johnson’s group is one of at least four that probably will be submitted to Major League Baseball owners for approval next week to continue the bidding process. SAC Capital’s Steve Cohen is another bidder.

Dodgers owner Frank McCourt has agreed to select a winning bid by April 1. A sale is scheduled to be completed by April 30.

Guber and Joe Lacob, managing partner at the San Francisco Bay area-based venture capital firm Kleiner Perkins Caufield & Byers, paid a record $450 million for the Warriors in 2010.

Guber joining the group was first reported by the Los Angeles Times.

To contact the reporter on this story: Scott Soshnick in New York at

To contact the editor responsible for this story: Michael Sillup at

The Good Business Issue
blog comments powered by Disqus