Sports

Dodgers start new era with Magic Johnson led-group

The Los Angeles Dodgers, financially bedridden by the shaky stewardship of Frank McCourt, leaped out of their hospital bed Monday night, and are doing cartwheels out the front door today.

The Dodgers finally are on the verge of a new owner. A magical owner. A man who can instantly restore the credibility bridge that had been torched between a proud franchise and its fans.

A group led by former Los Angeles Lakers star Magic Johnson — along with MLB and NBA executive Stan Kasten, and Peter Guber, head of Mandalay Entertainment, and financed by Mark Walter, CEO of Guggenheim Partners (a Chicago-based financial services firm) — agreed to buy the Dodgers from owner Frank McCourt for $2.15 billion, a deal that includes the Chavez Ravine parking lots.

Full Story: Dodgers start new era with Magic Johnson led-group