Magic Johnson (and Friends) Bought the Los Angeles Dodgers for $2 Billion

Magic Johnson is now a co-owner of the Los Angeles Dodgers. Johnson and partners Peter Guber, Stan Kasten, Bobby Patton and Todd Boehly won the auction for the Dodgers with a bid of $2 billion. Now the Dodgers can sell some TV rights and start making lots of money.

Frank McCourt bought the Dodgers for $430 million in 2004. Young entrepreneurs across the nation should be taking notes. Frank McCourt knew what he was doing all along.

[Wall Street Journal]

Previously: Frank McCourt Agrees To Sell The Dodgers
Previously: Would You Pay $1 Billion For the Los Angeles Dodgers?
Previously: Dodgers, McCourt Strike Out Again…. In Court
Previously: Dodgers, McCourt Strike Out, File For Bankruptcy Protection
Previously: MLB To Take Over Dodgers

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