« BACK TO TMZ TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Magic Johnson

LOVES LA Dodgers

Makes $2 BILLION Purchase!!

3/28/2012 2:30 AM PDT BY TMZ STAFF

Magic Johnson is in as part owner of the Los Angeles Dodgers.
Magic Johnson is in as part owner of the Los Angeles Dodgers -- and Frank McCourt is out -- after the NBA legend's investment group sealed a TWO BILLION dollar deal to purchase the team ... and the crowd went wild!

Magic and McCourt announced the deal late Tuesday night ... which should unite LA's most storied sports franchise with its most beloved athlete by the end of April.

Magic was the face of the investment group -- Guggenheim Partners -- which closed the $2 billion deal that still has to be approved in federal bankruptcy court. The controlling partner of the team would actually be Mark Walter, CEO of GP.

As part of the deal McCourt would get to buy the land around Dodger Stadium -- mainly the overpriced parking lots -- for around $150 million. Face it Dodger fans ... he's never leaving.

But hey, "In a year that has been so improbable, the impossible has happened" ... we got Magic!

0927_dodger_fans_footer

For more sports stories, check out tmzsports.com!
52 COMMENTS

No Avatar
31.

Jill Kennedy    

It's absolutely stunning and not fair. I guess we can file it in the "life isn't fair" folder. What kills me is that he still gets the parking lot? Can't he just take his $2 billion and go away! Uh - so infuriating that a person like that literally makes out like a bandit.

http://mankabros.com/blogs/onmedea/2012/03/28/frank-mccourt-an-a-hole-gets-2-billion/

939 days ago
32.

Rocco    

If you see Larry Bird, tell him the San Diego Padres are for sale.

939 days ago
33.

terry j vey    

Lets get real here.He is a minority owner!Yes he has the name and they are putting him out there.The big money was put up by others.

939 days ago
34.

gibby    

good for him the dodgers need this ownership the dodgers are a legendary franchise....

939 days ago
35.

Throwback kid    

Good riddance McCourt! Now take Ned Colletti with you! he's another guy who gets a paycheck from the Dodgers and does nothing to improve them. It's a shame what these idiots did to this team

939 days ago
36.

Real n the field    

if you devils think magic is the only one with aids...ya better get your head out your a$$
that media brainwashing $hit is the "mans" last card to play!!
stop acting like, whites, mexican, and every race dont have it !!

939 days ago
37.

Pepper MaShay    

Magic Johnson My Dear Sir 'You Are One Helluva Guy"!!
I Salute You!!

939 days ago
38.

hardcore_flower    

It's his money, who gives a f+++k

939 days ago
39.

Dodger fan    

Force the McCourts out all they done if is screwed L.A.

939 days ago
Previous 15 Comments | 1 | 2 | 3

Around The Web