Los Angeles Dodgers Sell Stakes to Plummer, Smolinisky

The Los Angeles Dodgers, considered the second-most-valuable team in baseball, sold stakes to the founder of a building materials company and a real-estate investor, adding to the team’s pool of owners.

Robert Plummer, chief executive officer of R.P. Lumber Co. and Alan Smolinisky, a principal at Conquest Housing, have joined the team’s ownership group, the Dodgers said Thursday, without disclosing the size or other terms of the transaction. Bloomberg News reported earlier that the sale of a minority stake had been completed.