After months of a ferocious bidding war, out from the rage the Magic Johnson Group wins bid to buy the Los Angeles Dodgers. The bid ends the tumultuous two years for previous owner Frank Mccourt, who recently fell on hard times due to a divorce and bankruptcy. Now that the Dogders have been sold, McCourt will be able to pay off his $950 million debt. As well as sustain his standing as a very wealthy man. He looks to walk away with close to $1B as well as ownership to land around the Dodger Stadium. Likely to see restaurants and other like shops. Dodgers have become the most valuable sports team in the U.S. sold for approximately $2 Billon dollars.
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