Baseball – Two billion for the Dodgers

New York – The owner of the Los Angeles Dodgers, Frank McCourt, said Tuesday have reached a tentative agreement to sell the team, under the protection of the bankruptcy law, for the sum of $ 2 billion the group within which lie the former star player for the Los Angeles Lakers Magic Johnson and former president of the Atlanta Braves and Washington Nationals Stan Kasten.

“I am feverish at the thought of being part of the legendary Dodgers franchise and I intend to build on the tremendous legacy of Frank McCourt while we will lead the Dodgers to one of the sports section of our wonderful community of Los Angeles , “Johnson said in a statement.

The agreement, unveiled about five hours after the Major League Baseball had approved the three finalists for the concession, the transfer should lead the team towards the end of April. However, it must be approved by the Federal Court of Bankruptcy.

Mark Walter, director for financial services firm Guggenheim Partners, will become the majority owner of the team. The selling price should easily set a record for a North American sports franchise, surpassing the record 1.1 billion paid by Stephen Ross to buy the Miami Dolphins in 2009.

Under the agreement, the Dodgers and McCourt stated that “some members of the group of buyers” will also be purchasers of the land around Dodger Stadium for 150 million.

The acquiring group, called Guggenheim Baseball Management, also includes the Executive Director Peter Guber of Mandalay Entertainment. “This agreement with Guggenheim reflects the strength and future potential of the Los Angeles Dodgers, and ensures that the Dodgers will look to the deep roots locally, which is well suited to the Dodgers, fans and the community of Los Angeles” , said McCourt.

McCourt has paid 430 million in 2004 to acquire the team, Dodger Stadium and the 250 acres that include parking lots, belonging to the section of the Fox News Corp. company. Rupert Murdoch – a sale that has left nearly 50 million for the team functioning at the time.

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