It is remarkable the way Magic Johnson has changed the way in which he is viewed. The words “HIV” and “Lakers” seem to come to mind after the word “businessman” these days. But this is probably his biggest move away from the court ever. This is huge, even for Magic.
Los Angeles Dodgers owner Frank McCourt announced an agreement Tuesday night to sell the team to a group that includes former Los Angeles Lakers star Magic Johnson and former baseball executive Stan Kasten for $2 billion, a record price for a sports franchise.
The purchase price of $2 billion exceeds the $1.1 billion Steve Ross paid for the NFL’s Miami Dolphins in 2008, the record for a North American sports franchise, as well as the $1.47 billion Malcolm Glazer paid for Manchester United, the iconic English soccer team, in 2005.
Source: Forbes
