According to MLB Trade Rumors, via a Tweet from Ken Gurnick, the group led by Magic Johnson has reached an agreement to buy the Dodgers. Furthermore, the Wall Street Journal’s Dennis Brekman tweets that the team was sold for $2 billion.
No report yet on whether that includes the lots or not, but for that price, I’d be awfully surprised if it didn’t. Nonetheless, it is surprising news, with Cohen being the odds on favorite over the past few weeks, due to having the most liquid bid, in addition to recent questions surrounding the structure of Magic’s bid. Nonetheless, we’ll delve deeper into this news after things settle, but for now, get ready…
It’s Magic Time!