(LOS ANGELES) — Los Angeles Dodgers owner Frank McCourt has agreed to sell the bankrupt club for $2 billion to a group that includes basketball legend Magic Johnson. The deal is subject to approval in federal bankruptcy court.
“I am thrilled to be part of the historic Dodger franchise and intend to build on the fantastic foundation laid by Frank McCourt as we drive the Dodgers back to the front page of the sports section in our wonderful community of Los Angeles,” Johnson said in a statement.
The deal is set to close April 30th.
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Eliott C. McLaughlin, CNN Newswire
Jill Martin, CNN