Hahn, City Council Calls On Congress To Let Fans Invest In Dodgers

LOS ANGELES (CBS) — An effort to give Los Angeles Dodgers fans a chance to own the ball club got a boost from the City Council on Wednesday.

Councilwoman Janice Hahn, who is running for Congress and introduced the motion, said she is not proposing the city of Los Angeles take ownership of the team, but rather to let fans invest during a public offering.

The council approved a resolution calling on Congress to make such an ownership change possible.

Hahn first proposed the idea during the divorce proceedings between team owner Frank and Jamie McCourt last October.

“Never, I think, before in history has it been such a possibility that the Dodgers actually would be put up for sale,” Hahn said. “The time is right. Let’s allow the fans to reconnect with their Dodgers and be one of their owners.”

Major League Baseball rules forbid new public offerings of teams, so federal legislation would be required, and a public offering would require approval by Congress.

Legislation titled the “Give Fans a Chance Act” was introduced in 1999 and 2001, but never approved.

Hahn told KNX 1070’s Claudia Peschuitta even if there’s no follow-through from Congress, this may not be the last they hear from her.

“There’s a lot more issues certainly facing this country – jobs and the economy – but I think it is something that reflects the mood of the public,” said Hahn.

“They’re tired of millionaires getting all the breaks,” she added.

Hahn said there are other good examples of fan or public ownership, including the NBA’s Boston Celtics and NFL’s Green Bay Packers, which she said have had sellout crowds for 20-plus years and won several championships.

If an initial public offering was successful, MLB would still have to approve the sale to a board of directors.

Hahn said she anticipates resistance from MLB to Congress approving a public offering.

Hahn has close ties to the Dodgers. Her father, Kenneth Hahn, helped broker the team’s move from Brooklyn as a Los Angeles County Supervisor in 1958. Her brother and former mayor James Hahn was the team’s first honorary bat boy.

“I’ve been a little disappointed in the McCourts and how they’ve run the Dodgers. It’s broken my heart,” Hahn said.

Councilman Ed Reyes asked the council to delay the vote, saying he wanted more time to give the McCourts the space to handle the team’s financial troubles.

Hahn reiterated that a public offering would be years in the making, and Reyes’ motion to postpone the vote was defeated.

“We’re not demanding that it be sold to us. We’re not pounding our fists on the table. It’s not our style,” president of the OwntheDodgers.com Stanley Stalford said. “What we’re saying is, just please allow us the right to sit there with the billionaires and bid on our team.”

(©2011 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

Comments

One Comment

  1. Perto says:

    NOOOOOOOO. The only people that could run the team worse is the city of Los Angeles. They cant even handle running the city. Having mayor tony and great city council like gloria molina making the decisions would be the worst thing for the team. Shut up about this now Hahn that is so not funny that the city wants to get involved. Sounds good in theory but so did fox;s and mccourts ownership.

    1. lydia says:

      I am a 27 years old doctor, mature and beautiful.and now I am seeking a good man who can give me real love , so i got a username Andromeda2002 on—–S’E’EK’C’OU’GA’R.C óM—— .it is the first and best clu’b forwealthy people and their admirers. e…you don’t have to be rich ,but you can meet one there ,maybe you wanna che’ck it out or tell your friends !
      You seem to forget that it was under so called conservatives that the state and the countriy’s economy tanked. I am not saying liberals are correct. Politicians and us the public need to set aside party ideology and get the best ideas from each side to make this a great nation once again. Of course that will never happen :l

  2. Robert Yaffe says:

    this is awesome .As a new investor . I would state Knowone on probation or Parole would be allow in unless surpervised . In other words NO GANG MEMBERS YEAH Peace will then come forth to the people of LOS ANGELES

  3. Dufus Watcher says:

    Meanwhile, the city goes broke while the City Council debates such important matters.

  4. Lou says:

    How many more hahs will be poping up on the lifetime nepotisms politicans?,only in LA!

  5. Fireman loving his pension says:

    Yes Janice.
    We should take away private property right owners and give it to the public.
    I’m tired of those millionaires gettting all the benefit of their work. Let them work and the poor benefit. This makes sense to me also.
    After you give us the Dodgers can you displace the rich from their homes they worked hard for and give this to us also. Liberal California is on it’s way to sinking in the Pacific. Thanks Janice and the Liberals you’ve done such a great job with this state. I can’t for the life of me ever think of a reason to not vote for more of the same.

    1. its just my opinion says:

      You seem to forget that it was under so called conservatives that the state and the countriy’s economy tanked. I am not saying liberals are correct. Politicians and us the public need to set aside party ideology and get the best ideas from each side to make this a great nation once again. Of course that will never happen :l

  6. Chuck Sherman Jr says:

    The Green Bay Packers have fan participation in ownership.

  7. just me again says:

    What happened to reading comprehension class in junior high people? Hahn did not say that the la city council or the mayor will run the team. They want the people, US to invest in it and be run by a board of directors like the green bay packers are run. Before commenting and bashing people please try to comprehend what the article is about.

  8. jaided says:

    nooooooo, just let mark cuban buy the team done

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