The bidding group is the last one standing after many Dodgers suitors came and went during the monthslong process, and the $2 billion deal is the richest ever for a U.S. sports franchise. The new owners — who emerged after three groups participated in a U.S. Bankruptcy Court auction today — are grouped under the banner Guggenheim Baseball Management. That mix includes Magic Johnson, Hollywood producer Peter Guber, baseball executive Stan Kasten and Bobby Patton as well as Todd Boehly and Mark Walter of Guggenheim Partners — that company co-owns Prometheus Global Media, which owns Billboard and The Hollywood Reporter. Walter will be controlling partner of the Dodgers when the deal closes at the end of April. The agreement with soon-to-be-ex-owner Frank McCourt is for the team and Dodger Stadium, and a separate joint venture with some members of the group — including McCourt — will buy the parking lots and property for an extra $150 million. That $2.15B total could be eclipsed by the local TV rights deal that’s sure to come after the sale is approved — the team could create its own regional sports network (a la the New York Yankees’ lucrative YES Network), shop the rights, or re-sign with current partner Fox Sports, which already had offered a long-term deal worth close to $3 billion.
Magic Johnson's Group Wins Bidding To Buy Dodgers For Record $2B
What's Hot on Deadline
Hollywood Cowardice: George Clooney Explains Why Sony Stood Alone In North Korean Cyberterror Attack
More From Hipes
- Golden Globes Nominations: 'Birdman', 'Imitation Game' & 'Boyhood' Lead Film, More Surprises On TV Side
- SAG Awards Nominations: 'Birdman' & 'Boyhood' Lead Film Side, HBO & 'Modern Family' Rule TV – Full List
- Oscars' VFX Shortlist: Usual Suspects Make Cut, But Bible Pics Cast Out
- 'The Gambler' Release Date: Paramount All In, Moves It To Christmas Day Wide Bow
- Writers Guild TV Nominations: 'True Detective' & 'Louie' Lead Way, Amazon Breaks Through With 'Transparent'