Magic Johnson Wins Auction for Dodgers

Here’s an exciting announcement from the LA Dodgers: Magic Johnson will now own a small stake in the team. A group led by the NBA legend has won an auction to own the struggling baseball franchise—for a staggering $2 billion. Frank McCourt has spent the past three years—and more than $25 million—trying to keep ownership. When the deal goes through, the team will be owned by the Guggenheim Baseball Partners. This deal is twice the amount ever paid for a team.