The announcement that local fans have been waiting to hear
came from the person they least wanted to speak, Frank McCourt, the soon to be
ex-owner of the Los Angeles Dodgers.
The terms of an agreement to sell the Los Angeles Dodgers has been
reached. Final sale
price? $2 billion. The winning group of investors? One that includes Lakers great Magic
Johnson and the former Atlanta Braves and Washington Nationals President Stan
Kasten. The controlling owner will be Mark Walter, the CEO of the financial
services firm Guggenheim Partners.
The agreement was announced tonight, Tuesday March 27, 2012,
just a few hours after Major League Baseball owners approved three finalists
for the auction. It is
expected the transfer of the team will happen by the end of April, after the
approval of the sale in federal bankruptcy court.
But it is still not a total victory for Dodgers fans as part
of the agreement includes McCourt and "certain affiliates of the
purchasers" would acquire the land surrounding Dodger Stadium for $150
million.
The final price of $2 billion will easily set the record for
the sale of a North American sports franchise.
...dont tell me that land is the parking lots....
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