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Sale Of Dodgers To Guggenheim Group Finalized

May 01, 2012 2:27 PM EST

The sale of the Dodgers to a group that includes former Lakers star Magic Johnson for $2 billion has been finalized.

The team announced the deal's closure Tuesday in a statement.

The Dodgers were sold to Guggenheim Baseball Management as part of a bankruptcy reorganization plan under former owner Frank McCourt.

Via Associated Press