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Wednesday, March 28, 2012

Magic Johnson Group To Buy Dodgers For Record $2B

NEW YORK (AP) - A group that includes former Lakers star Magic Johnson and longtime baseball executive Stan Kasten agreed Tuesday night to buy the Los Angeles Dodgers from Frank McCourt for a record $2 billion.

The price would shatter the mark for a sports franchise,, Stephen Ross paid $1.1 billion for the NFL's Miami Dolphins in 2009, and in England In Malcolm Glazer and his family took over the Manchester United soccer club in 2005 in a deal then valued at $1.47 billion.

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