Magic Johnson News
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Former Los Angeles Dodgers owner Frank McCourt and his ex-wife, Jamie McCourt, returned to court to fight over their divorce settlement following the $2.15 billion sale of the team.
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Secret Major League Baseball documents concerning the $2 billion sale of the Los Angeles Dodgers can’t be used by former team owner Frank McCourt’s ex- wife to challenge their divorce settlement, a judge ruled.
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Seaport Capital LLC, which includes a majority stake in Mandalay Baseball Properties, is selling its share of the holding company that owns five minor-league baseball teams, including half of the New York Yankees’ Triple-A affiliate.
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Clayton Kershaw’s historic opening day start for the Los Angeles Dodgers demonstrated why the 25- year-old left-hander, who elicits comparisons to Hall of Famer Sandy Koufax, might become the first $200 million pitcher in Major League Baseball history.
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Basketball hall of famer Magic Johnson said he never would have joined with Larry Bird to win a championship the way LeBron James is teaming with Dwyane Wade .
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Retired basketball star Magic Johnson agreed to invest in Vibe Holdings LLC and become chairman of the New York-based magazine and television company, which focuses on the urban market.
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Jerry Buss, whose Los Angeles Lakers teams won 10 National Basketball Association championships during an ownership that spanned more than three decades, died yesterday at the age of 80.
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The Los Angeles Dodgers reached the final stage of an auction for the baseball team one day early after phone calls in which no rival topped the record $2.3 billion offer from a group led by Magic Johnson, people familiar with the sale said.
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Basketball Hall of Fame member Magic Johnson and a group of investors that includes Guggenheim Partners Chief Executive Officer Mark Walter won the auction for the bankrupt Los Angeles Dodgers with a bid of more than $2 billion, doubling the previous record amount paid for a major U.S. professional sports franchise.
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Magic Johnson’s winning $2.3 billion offer for the Los Angeles Dodgers probably was fueled by what one sports economist called a “wild bidding process” that will unfold between Time Warner Cable Inc. and News Corp.’s Fox Sports for the Major League Baseball team’s broadcast rights.
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