Magic Johnson heads group buying Dodgers - KWWL - Eastern Iowa Breaking News, Weather, Closings

Magic Johnson heads group buying Dodgers

Posted:

Magic Johnson is taking his smile and his charisma to the national pastime.

A group that includes the former Lakers NBA star and longtime baseball executive Stan Kasten agreed last night to buy the Los Angeles Dodgers from Frank McCourt for a record $2 billion. McCord bought the Dodgers for $430 million in 2004.

The price would shatter the mark for a North American sports franchise, topping the $1.1 billion Stephen Ross paid for the NFL's Miami Dolphins in 2009.

Johnson says he's "thrilled" to be part of the historic Dodger franchise and says he wants to "drive the Dodgers back to the front page of the sports section in our wonderful community of Los Angeles."

The deal calls for a transfer of the team by the end of April. It is subject to approval in federal bankruptcy court. Mark Walter, CEO of the financial services firm Guggenheim Partners, would become the controlling owner.

As part of the deal, the Dodgers said McCourt and "certain affiliates of the purchasers" would acquire the land surrounding Dodger Stadium for $150 million.

  • SPORTSMore>>

  • D-NH tops Independence 40-27 in season opener

    D-NH tops Independence 40-27 in season opener

    Friday, August 18 2017 11:51 PM EDT2017-08-19 03:51:46 GMT

    Dike-New Hartford passed the test, holding off Independence 40-27 to open their 2017 campaign. The game was the first for the Wolverines since the graduation of Iowa's all-time leading rusher Trent Johnson.

    More >>

    Dike-New Hartford passed the test, holding off Independence 40-27 to open their 2017 campaign. The game was the first for the Wolverines since the graduation of Iowa's all-time leading rusher Trent Johnson.

    More >>
  • Springville tops West Central 51-12 to open 8-man season

    Springville tops West Central 51-12 to open 8-man season

    Friday, August 18 2017 11:43 PM EDT2017-08-19 03:43:39 GMT

    Springville scored early and often as they rolled past West Central 51-12 to open their 2017 8-man campaign. Quarterback Henry Hoogland led the way with three first half touchdown runs.

    More >>

    Springville scored early and often as they rolled past West Central 51-12 to open their 2017 8-man campaign. Quarterback Henry Hoogland led the way with three first half touchdown runs.

    More >>
  • PROGRAMMING NOTE: Preseason Green Bay Packer football schedule

    PROGRAMMING NOTE: Preseason Green Bay Packer football schedule

    Friday, August 18 2017 5:15 PM EDT2017-08-18 21:15:34 GMT

    Football is back. Preseason football, that is.  KWWL is airing all four Green Bay Packer preseason football games both its main channel and the CW.  This Sunday, August 19, the Packers head to Maryland to play the Redskins at 6:30 p.m. This will be on the CW, however only syndicated shows will be affected so there isn't anything re-airing. Next Saturday, August 26, the Packers head to Denver to play the Broncos at 8:00 p.m. on KWWL. The KWWL News at 10 will run on the CW....

    More >>

    Football is back. Preseason football, that is.  

    More >>
Powered by Frankly