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More Great Information on Stephanie Johnson:
Magic Johnson Group Buys Los Angeles Dodgers for $2 Billion (Vibe)
Magic Johnson and Guggenheim Baseball Management LLC are taking over the Los
Angeles Dodgers
after a winning bid of $2 billion during an auction on Tuesday night (via
ESPN).
Taking the role of controlling owner is Mark Walter, chief executive officer
of Guggenheim Partners financial services, who met with previous owner Frank
McCourt in New York on Tuesday.
Walter and McCourt came to an agreement after Major League Baseball owners
approved three bidders. As part of the agreement, McCourt and “certain
affiliates” will obtain property surrounding Dodger Stadium for $150 million.
This comes after the team filing for bankruptcy last year.
"I am thrilled to be part of the historic Dodger franchise," Johnson said in a
statement. "[I] 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."
Dodgers general manager Ned Colletti said they’re “thrilled” about the new
deal, and are “certainly looking forward to working with the new ownership
group to bring another world series championship to L.A.”
“I think it was important to have deep L.A. roots, and that is what this group
also brings,” Colletti added. “I think ...