The Los Angeles Dodgers, the team that that broke the color line in major league baseball by recruiting the legendary Jackie Robinson, has now been sold to an organization headed by basketball legend Magic Johnson, reports the Wall Street Journal.
Johnson and his group won an auction for the Dodgers Tuesday night, marking the final chapter of a soap-opera style saga for the legendary franchise.
With a bid of $2 billion, Johnson and partners Peter Guber, Stan Kasten, Bobby Patton and Todd Boehly beat out a group of some of the wealthiest businessmen in the country to land a team that is one of Major League Baseball’s flagship franchises.
The sales figure shatters the previous record sales price for a U.S. sports franchise, Steve Ross’s purchase of the Miami Dolphins for $1.1 billion three years ago.
Read/learn more at LA Times.