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December 7th, 2010

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Magic Johnson's Group Wins Los Angeles Dodgers Bid, Frank McCourt Sells Team For $2 Billion (Huffington post)

NEW YORK -- Los Angeles Dodgers owner Frank McCourt has announced an agreement
Monday night to sell the bankrupt team for $2 billion to a group that includes
former Lakers star Magic Johnson and former Atlanta Braves and Washington
Nationals President Stan Kasten.

The agreement, revealed about five hours after Major League Baseball owners
approved three finalists for the auction, is to lead to a transfer of the team
by the end of April. It is subject to approval in federal bankruptcy court.

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