Current logo using "Dodgers" Script (Photo credit: Wikipedia)GLENDALE, Ariz. -- A deal has been struck between the Dodgers and legendary Laker Magic Johnson's bidding group for the Dodgers and Dodger Stadium for $2 billion, the club announced on Tuesday night. The purchase price is the highest amount ever paid for a North American sports franchise.
The sale officially is to Guggenheim Baseball Management LLC, which includes Mark R. Walter as its controlling partner, Johnson, Peter Guber, Stan Kasten, Bobby Patton and Todd Boehly. Current owner Frank McCourt and certain affiliates of the purchasers will also be forming a joint venture, which will acquire the Chavez Ravine property and parking lots for an additional $150 million.
"I am thrilled to be part of the historic Dodger franchise and intend to build on the fantastic foundation laid by Frank McCourt as we drive the Dodgers back to the front page of the sports section in our wonderful community of Los Angeles," said Johnson. CONTINUE....
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