Magic Johnson Group To Buy Dodgers
A group that includes former 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..
http://amzn.to/dodgermagic BREAKING NEWS!! Magic Johnson and a group of investors have purchased the LA Dodgers MLB baseball franchise from embattled owner Frank McCourt. Show your support and buy your new LA Dodgers jersey on Amazon.com today! Two names you can trust: Magic Johnson and Amazon.com!!
From the News:
NEW YORK (AP) -- A group that includes former 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.
Magic Johnson Buys LA Dodgers -- LA Dodgers and Magic Johnson
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Magic Johnson Group To Buy Dodgers
A group that includes former 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.
Sports video | 664 views
Baseball's L.A. Dodgers may soon have Magic Johnson on the team. CBS News business and economics correspondent Rebecca Jarvis speaks to the 'CBS This Morning' co-hosts about the investment deal, which could be a record price for any sports franchise.
Magic Johnson-led group buying Dodgers for $2B
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Magic Johnson has spearheaded a deal that will buy the team for 2 billion dollars.
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A Magic Johnson led group has bought the Los Angeles Dodgers for about two billion dollars. Is this a sign of hope for the Dodgers organization?
One Los Angeles institution is buying another.
A group that includes former Lakers star Magic Johnson and longtime baseball executive Stan Kasten agreed Tuesday night to buy the 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.
Magic Johnson Buys Los Angeles Dodgers
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Basketball legend Magic Johnson led a group that won an auction for the Los Angeles Dodgers baseball team Tuesday night, marking the final chapter of in a soap-opera style saga for the legendary franchise, according to people involved in the process. With a bid of $2 billion, Johnson and partners Peter Guber, Stan Kasten, Bobby Patton and Todd Boehly beat out a group of several some of the wealthiest businessmen in the country to land a team one of Major League Baseball's flagship franchises. The sales figure shatters the previous record sales price for a U.S. sports franchise, Steve Ross' purchase of the Miami Dolphins for $1.1 billion three years ago.
Dodgers reach deal with Magic Johnson group
NEW YORK (AP) - A group that includes former Lakers star Magic Johnson and longtime baseball executive Stan Kasten agreed Tuesday night to buy the Los Angeles Dodgers from Frank McCourt for $2 billion.
Mark Walter, chief executive officer of the financial services firm Guggenheim Partners, would become the controlling owner. The price would shatter the record for a North American sports franchise, topping the $1.1 billion Stephen Ross paid for the NFL's Miami Dolphins in 2009.
The deal, revealed about five hours after Major League Baseball owners approved three finalists for an intended auction, is one of several steps toward a sale of the team by the end of April. It is subject to approval in federal bankruptcy court.
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