Dodgers To Be Sold to Magic Johnson-Led Group, Per Reports

Several sources are now reporting that the Dodgers have been sold to the Magic Johnson-led group for a staggering $2 billion.

As you can see, this price is significanly richer than any previous franchise transactions and will likely (or should, anyway) include Frank McCourt's parking lot revenue stream as well.

Major League Baseball owners had previously approved three groups for purchase bidding- 1) the group led by billionaires Steven Cohen and Patrick Soon-Shiong; (2) the group led by Magic Johnson and longtime baseball executive Stan Kasten; and (3) St. Louis Rams team owner Stan Kroenke. If these reports prove correct, it looks like Johnson's group was the winning bidder.

More to follow soon as details emerge.

For more discussion on the sale of the Dodgers and the state of the team in general, please head over to True Blue LA to make your voice heard.

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