Guggenheim Baseball bought the Dodgers this year for $2 billion, more than twice the amount ever spent on a baseball team. The new owners have not stopped spending.
Just last weekend, the team committed more than $200 million to two pitchers, one of whom never has thrown a pitch in a major league game. The projected player payroll next year stands at about $225 million, which means the Dodgers would dethrone the New York Yankees as the biggest spenders in baseball history.
In all, the Dodgers' new owners have invested close to $1 billion in player contracts, stadium renovations and the purchase of controlling interest in the stadium parking lots.
Is this the folly of novice owners, or a shrewd business model?