Originally posted on Fox Sports West  |  Last updated 5/1/12
LOSANGELES, May 1, 2012 - The Los Angeles Dodgers, Guggenheim Baseball ManagementLLC (GBM) and Frank McCourt today announced the completion of the sale of theDodgers to GBM for 2 billion. As previously reported, the Dodgers newownership includes Mark Walter as control person, Earvin Magic Johnson, andStan Kasten as CEO of the organization. TheLos Angeles Dodgers stated, The Dodgers emerge from the Chapter 11reorganization process having achieved its objective of maximizing the value ofthe Dodgers through a successful Plan of Reorganization, under which all claimswill be paid. The Dodgers move forward with confidence - in a strong financialposition; as a premier Major League Baseball franchise; and as an integral partof and representative of the Los Angeles community.
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