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Magic Praised, Deal For Dodgers Being Disected

Mar 29, 2012 12:37 AM EST

Dodgers fans and players are thrilled Magic Johnson is part of the group that bought the team, but many are wondering how Frank McCourt could remain connected to the franchise he was forced to sell.

The Johnson group, largely funded by Guggenheim Capital chief executive officer Mark Walter, agreed to purchase the Dodgers, Dodger Stadium and a 50 percent stake in the parking lots surrounding the ballpark from McCourt for $2.15B.

Sources with knowledge of the agreement told ESPNLosAngeles.com's Tony Jackson the group will purchase half of the Dodger Stadium parking lots, deemed to have a total value of $300M, with McCourt keeping the other half.

Via ESPN.com