Walter: "I think you have a few moments in life where you have the opportunity to own an asset and really be a custodian of something that should be multigenerational and iconic. I understand it's a lot of money. But it's not as if you can go buy another one tomorrow.

"I think that franchise has a lot of value. I believe the value is there. I actually hope my daughter and granddaughter are going to opening day because that's just what we do, and whether the franchise is worth five times what we paid for it or just what we paid for it, that won't matter, because we hope we never, ever are going to sell it. We're going to be going with generations of grandchildren if our hopes are realized."

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How does ownership work when ownership includes insurance funds managed by Guggenheim?

Walter: "I think a lot of teams have ownership groups that are multiple limited partnerships. This structure is really pretty simple. We formed a company. I'm the general partner. I have 100% of the vote. There are other folks and companies that put in what we will call limited partnership interests. They have an economic interest in the team. There have been institutional or corporate-owned teams. There have been individual-owned teams. This is, I guess, a mix."

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What is the balance between institutional and individual investors?

Walter: "I don't know what it will be. It may change. It's likely to be fairly balanced."

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How much debt are the Dodgers adding?

Walter: "We are not adding any debt. Not one penny."

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When Arte Moreno bought the Angels, his first move was to lower the price of beer. How about lowering the price of parking at Dodger Stadium?

Kasten: "We have things we are considering right now, not so much beer prices or parking prices. But we are considering a lot of things. We have the next month to have something ready to go for when we take over.

"I'm a huge fan of Arte. I've spoken to him several times. We look forward to competing, and we look forward to having him continue to challenge us."

bill.shaikin@latimes.com

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