The Dodgers will be sold, but not to the man who owns the St. Louis Rams.
The MLB franchise that plays in L.A. will be sold to a group led by Lakers legend Magic Johnson.
“A deal has been consummated between the Dodgers and Magic Johnson’s bidding group for the Dodgers and Dodger Stadium,” Ken Gurnick of MLB.com reports in an item posted on the Dodgers’ website. “Johnson’s group includes former baseball executive Stan Kasten and Guggenheim Partners.”
It’s not over ‘til it’s over (that’s one of the few things I learned from watching baseball), which means that the deal could, in theory, fall through. The other finalist, in addition to Rams owner Stan Kroenke, was a group led by billionaire hedge fund manager Steve Cohen.