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Group Led by Magic Johnson Wins Auction to Buy Dodgers for $2 Billion.
A group headed by Magic Johnson and financed largely by Guggenheim Partners was named the winning bidder for the Los Angeles Dodgers on Tuesday night.
The Johnson group will spend $2 billion for the team and $150 million for a joint venture with the beleaguered seller, Frank McCourt, on the land surrounding Dodger Stadium, including the parking lots. McCourt had until recently resisted selling the lots, preferring instead to lease them to the new owner. McCourt bought the team in 2004.
http://www.nytimes.com/2012/03/28/sports/baseball/sale-of-dodgers-nears-a-resolution.html?hp