Dodgers’ $2 Billion Sale to Magic Johnson Group Is Completed

The Los Angeles Dodgers closed their $2 billion sale to Guggenheim Partners executive Mark Walter and Basketball Hall of Fame member Magic Johnson, allowing the Major League Baseball team to exit bankruptcy.

“The Dodgers emerge from the Chapter 11 reorganization process having achieved its objective of maximizing the value of the Dodgers through a successful Plan of Reorganization, under which all claims will be paid,” according to a statement from the team.

To contact the editor responsible for this story: Jay Beberman at jbeberman@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.