According to numerous reports, a group that includes former Los Angeles Lakers basketball star Magic Johnson will purchase the Los Angeles Dodgers for $2 billion.
I think this is a great move and will hopefully resurrect one of sports greatest rivalries with the San Francisco Giants.
The price tag is the most ever paid for a North American sports franchise, according to MLB.com. The group will officially acquire the team, one of baseball’s most storied franchises, after the deal is approved by the judge overseeing the Dodgers’ bankruptcy.
The team has won the World Series championship six times and, for decades, boasted an intensely loyal fan base.
But in recent years, under the ownership of real estate developer Frank McCourt, the Dodgers made headlines more for its financial woes than home runs.
The team’s troubles began when McCourt and his wife, Jamie, decided to part ways. An acrimonious and expensive divorce battle followed.