Dodgers sold to Magic Johnson group

Discussion in 'National League West' started by truebluefan, Mar 28, 2012.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    One Los Angeles institution is buying another.

    A group that includes former Los Angeles Lakers star Magic Johnson and longtime baseball executive Stan Kasten agreed Tuesday night to buy the Los Angeles Dodgers from Frank McCourt for a record $2 billion.

    The price would shatter the mark for a sports franchise. Stephen Ross paid $1.1 billion for the NFL's Miami Dolphins in 2009, and in England, Malcolm Glazer and his family took over the Manchester United soccer club in 2005 in a deal then valued at $1.47 billion.

    Read more: http://espn.go.com/los-angeles/mlb/...s-dodgers-selling-team-magic-johnson-group-2b
     

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