00:00How much did you know of him through all these World Series and division titles that he was the main man of all those kind of the conglomerate that is the ownership group of the Dodgers?
00:14He's the head guy, but there's a bunch of them.
00:16There is, but it's a good point.
00:18He is the head guy.
00:19He personally owns the biggest stake in the Dodgers at I think is close to 27%.
00:25But you're right.
00:26There is a 10-person group that owns the Dodgers.
00:30You go down that group of Peter Goober and Magic Johnson and whatnot.
00:36But Mark Walter was the guy.
00:38He doesn't do a lot of media.
00:40He doesn't do a lot of press.
00:41I talked to him very briefly when the team was in Tokyo to begin the season.
00:47Just he's the money.
00:49And that's why this transaction was so seamless.
00:53I mean, there's a lot of people in place that worked for the Lakers and that worked for the Dodgers, whether it's Magic Johnson or Lon Rosen.
01:02And so that's why this was a seamless transition.
01:05And that's why Jeannie Buss will be in charge for the next few years.
01:09They have no problem with that.
01:10They just wanted to own the Lakers.
01:13They now own the two most popular teams in Los Angeles, and it's not particularly close.
01:18And there's a big gap, and you can kind of debate who's number three.
01:22The top two are the Dodgers and the Lakers, and Mark Walter now owns those two teams.
01:27This guy is now the most powerful owner in sports, all of sports.
01:34Yeah.
01:35I mean, when you talk about two-storied franchises, again, when people heard of the $10 billion valuation, Scott,
01:41as you well know, there's professional sports teams, and then there's the Cowboys and the Yankees and the Dodgers and the Lakers.
01:51I mean, these are different brands.
01:52These are worldwide brands.
01:54These are brands that will only continue to go up in value.
01:57And you only need to look at this gap.
02:00When they bought their 27% only four years ago, they bought it at a $5 billion valuation.
02:07This now is a $10 billion valuation team in just four years.
02:13So if you're looking to invest your money, they realize professional sports is where you got to go.
02:18I got one minute respectfully.
02:20I thought Jeannie at 63, if she waited 10 more years, it would have been worth $20 billion.
02:26I don't believe she'll go longer than I said the cap was five years on her running the team.
02:31At some point, this guy is going to be going to these meetings as the governor.
02:34He owns everything.
02:35You're 100% right.
02:37So they will be respectful to her.
02:39But this is a little bit like Mark Cuban.
02:41I think everyone's saying the right things right now, Scott.
02:43But at the end of the day, she no longer owns the team.
02:46So if they're struggling, if they're not playing well or whatnot, you will see Mark Walter take control.
02:53And they will respectfully, they will do it respectfully.
02:57But tell Jeannie, thank you, but you are no longer needed here.
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