Magic Officially Owns the Dodgers

Basketball legend turned entrepreneur Magic Johnson tours the Sports Museum of America in New York, Friday, Nov. 21, 2008. (AP Photo/Seth Wenig)

The $2 billion sale of the Los Angeles Dodgers has been finalized. The group that now owns the National League club is called Guggenheim Baseball Management. Among its members is Earvin Magic Johnson. The team was purchased from Frank McCourt.

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