That's right the magic man has done it again. Los Angeles Dodgers owner Frank McCourt announced an agreement late Tuesday night to sell the team to a group that includes former Los Angeles Lakers star Magic Johnson and former baseball executive Stan Kasten for $2 billion, a record price for a sports franchise.
The Johnson group’s bid was bankrolled by Guggenheim Partners,a privately held financial firm that manages over $125 billion. If the deal is approved in federal bankruptcy court, Guggenheim CEO Mark Walter would become the controlling owner.