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Dodgers Agree to Sell to Magic Johnson's Bidding Group

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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.