Ending the soap opera that overshadowed last season for the Los Angeles Dodgers, a group of investors, including basketball hall of famer Magic Johnson, won a bankruptcy action for the Los Angeles Dodgers with a bid of $2.15 billion.
The deal will be formally presented to judge Kevin Gross for a bankruptcy law review and final approval next month. Last year, owner Frank McCourt filed for Chapter 11 bankruptcy protection, throwing the team into turmoil.
While Johnson is expected to serve as an ownership spokesman who will use his special connection to the Los Angeles market, the other partners are also notable. The controlling partner in the bid is Mark Walter, who currently serves as the head of the Guggenheim Partners investment firm, which is based in New York and Chicago. The president of Guggenheim, Todd Boehly, is also involved in the deal.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.