Dodgers Sale Has Closed; Frank McCourt Era Ends

It was just a matter of time and the final approval of the bankruptcy court until the sale of the Dodgers was approved; it was supposed to happen on Monday, but was delayed until Tuesday, for reasons that are still unclear. Still, Bill Shaikin has the tweet:

Frank McCourt and his wife Jamie bought the Dodgers in 2004; their messy divorce and bankruptcy that led to this sale is detailed throughout this StoryStream. Now, Dodger ownership goes to a group with money, Magic Johnson and local connections:

The Guggenheim Baseball group included not only Johnson, but also former Braves and Nationals executive Stan Kasten and Guggenheim Partners CEO Mark Walter. The group spent $2.15 billion on the team.

That’s a record for any major league baseball team sale, by a lot; the former record was the $845 million the Ricketts family paid for the Chicago Cubs in 2009.

For more on the Dodgers, please visit True Blue LA and SB Nation Los Angeles.

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