Dodgers Agree to Sell to Magic Johnson's Bidding Group

The Los Angeles Dodgers have agreed to sell to Magic Johnson and Stan Kasten bidding group, according to Ken Gurnick of MLB.com. Dennis Berman of the Wall Street Journal is reporting that the sale is at $2 billion and is the highest amount ever paid for a sports franchise.

Johnson and Kasten's group beat out two other groups, one led by Steven Cohen and another by Patrick Soon-Shiong.

• Twitter / @kengurnick: The Dodgers have reached a ...
  "The Dodgers have reached an agreement to be sold to Magic Johnson's bidding group, according to a baseball source. See dodgers.com."
• Twitter / @dkberman: Breaking from WSJ: Magic J ...
  "Breaking from WSJ: Magic Johnson-led group buys LA Dodgers for $2 billion, shattering all previous prices paid for sports franchises."
• Dodgers Notes: Ownership Bid, Eovaldi, Falsone - MLB Daily Dish (Mar 14)
  "The Los Angeles Times reports that the bid to own the Dodgers is now down to four suitors, with Magic Johnson leading the pack. Johnson, who has partnered with former Major League executive Stan Kasten, has put in the highest bid at $1.6 billion. Bill Shaikin of the Times also reports that Golden State Warriors co-owner Peter Guber has joined Magic Johnson's group as a minority investor."