RealGM Baseball

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