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Closing Bell

Guggenheim Starts Dodgers Ownership By Lowering Parking Charge

Guggenheim Baseball Management, formally introduced today as new owners of the Dodgers, announced they are reducing general parking at Dodger Stadium from $15 to $10, the first operational policy change for the arriving group. Team CEO Stan Kasten also announced the creation of an e-mail address for fan suggestions: fanbox@ladodgers.com. Kasten additionally pledged more opportunities for fans to watch batting practice, obtain autographs and see players greeting fans at stadium gates.

Much of the questioning from the assembled press centered on former Owner Frank McCourt and his stake in the stadium parking lot property. McCourt retains an economic interest in profits from potential development on the land, should it occur, but the Guggenheim partners repeatedly insisted that McCourt will receive no other money from any facet of the club, trying at many instances but failing to not mention him by name.

Guggenheim partner Magic Johnson said, "The rumors – we're quashing them now. Frank McCourt is not involved in any shape or fashion in the day-to-day operations of the club. I'm not talking about Frank McCourt anymore. We're moving this franchise forward. He is not part of the Dodgers any more. We should be clapping for that."

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