A little over a year ago, basketball legend "Magic" Johnson said that he would love to own the Los Angeles Dodgers because he believed he could play a roll in restoring the teams greatness while putting his home town back on the baseball map. Well that wish is about to be reality as the Dodgers will soon be sold for $2 Billion to a group of investors led by Magic Johnson.
The deal came swiftly after MLB approved the three finalists Tuesday, and if the cash deal is approved by the judge overseeing the Dodgers' bankruptcy, the price will easily be the most ever paid for a professional sports team. The record is the $1.4 billion purchase price for the Manchester United soccer team, and the most paid for a North American sports franchise was $1.15 billion in 2009 for the Miami Dolphins. It was just four years ago when the Chicago Cubs was the most paid for a baseball franchise at $845 million.[DailyPitch]
