Magic Johnson group to buy Dodgers for record $2 billion

[R-14Driver]

LOS ANGELES (Reuters) - A group spear-headed by former basketball great Earvin "Magic" Johnson agreed to buy the Los Angeles Dodgers baseball team for a record $2 billion, team owner Frank McCourt announced on Tuesday, capping a two-year drama that started with McCourt's divorce and wound its way through bankruptcy court.

The buyers under the deal, unveiled hours before the storied franchise was scheduled to hold an auction with three bidders, were led by the investment banking firm Guggenheim Partners. Mark R. Walter, chief executive officer of Guggenheim Capital, will be controlling partner of the ownership group..........................

Magic Johnson group to buy Dodgers for record $2 billion - Yahoo! News

 

[Starkravinloon]

$500,000,000 higher than the next highest bid.....I think he only gave $400,000,000 for team originally,right....I need McCourt to negotiate the sale of my house......LMAO...

 

[Northern Flash]

Only in America, can you go bankrupt and end up with a cool billion extra in your pocket.

I guess that I'm always waiting at the airport when my ship comes in.