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Group Led by Magic Johnson Wins Baseball Team With Bid of $2.15 Billion
Basketball legend Magic Johnson led a group that won an auction for the Los Angeles Dodgers baseball team Tuesday
night, marking the final chapter in a soap-opera-style saga for the legendary franchise.
With a bid of $2.15 billion, including the surrounding land, Mr. Johnson, controlling partner Mark Walter and partners
Peter Guber, Stan Kasten, Bobby Patton and Todd Boehly beat out a group of some of the wealthiest businessmen in
the country to land a team that is one of Major League Baseball's flagship franchises.
The sales figure shatters the previous record sales price for a U.S. sports franchise, Steve Ross's purchase
of the Miami Dolphins for $1.1 billion three years ago.
Magic Johnson Wins Auction for Los Angeles Dodgers - WSJ.com
Basketball legend Magic Johnson led a group that won an auction for the Los Angeles Dodgers baseball team Tuesday
night, marking the final chapter in a soap-opera-style saga for the legendary franchise.
With a bid of $2.15 billion, including the surrounding land, Mr. Johnson, controlling partner Mark Walter and partners
Peter Guber, Stan Kasten, Bobby Patton and Todd Boehly beat out a group of some of the wealthiest businessmen in
the country to land a team that is one of Major League Baseball's flagship franchises.
The sales figure shatters the previous record sales price for a U.S. sports franchise, Steve Ross's purchase
of the Miami Dolphins for $1.1 billion three years ago.
Magic Johnson Wins Auction for Los Angeles Dodgers - WSJ.com