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Guggenheim's Mark Walter clarifies the McCourt parking lots deal

MPR529/Flickr (Creative Commons-licensed)

Dodger Stadium during a night game.

Mark Walter, the CEO of Guggenheim Partners and "controlling partner" of the Guggenheim Baseball Management team that includes Magic Johnson and is buying the Dodgers for $2 billion, has finally commented on the burning issue of the sale: What's going on with Frank McCourt and the parking lots?

Thanks to Mark Lacter at LA Biz Observed for digging this up:

ESPN is reporting that the Dodger sale includes a 50 percent stake in the parking lots, which are said to have a value of $300 million. Current owner Frank McCourt will keep the other half.
[Controlling owner Mark] Walter said he understood the concerns, but insisted that McCourt will only have an "economic interest" in the land and not any control or influence over it. "Frank's not involved in the team, baseball, any of that," Walter said. "What Frank does have is an economic interest in land, but we control the parking and all the fan experience and that's of the utmost importance to us."

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