I think you guys are discounting the number of opportunities these clubs have to raise revenue in less traditional roles. I think Magic is going to do a good job there as his real estate company has done in both LA and even parts of SD (he was involved in the city heights redevelopment).
Anyway, I find Gwynn to be an interesting name to become involved not because of his influence on the 10% of people who really follow the team, but the 90% of people in SD who don't follow minor league box scores. My wife would be more interested in getting season tickets if Gwynn was part of the ownership group. She and most of our friends "trust" him in that he has the best interest of the city at heart. Does that make sense?
Appropriately somber, I think. And I'd imagine you're spot on about Magic Johnson's role in the ownership group. I love Magic, but he's little more than a front guy for another massively leveraged... more