Closing of Dodgers sale finalized

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LOS ANGELES (AP) - The $2 billion sale of the Los Angeles Dodgers to a group that includes former Lakers star Magic Johnson has been finalized.

The team announced the deal’s closure Tuesday in a statement. The Dodgers were sold to Guggenheim Baseball Management as part of a bankruptcy reorganization plan under former owner Frank McCourt.

A federal bankruptcy court judge in Delaware approved the sale last month.

The Dodgers entered bankruptcy in June 2011 during a bitter dispute with Major League Baseball. At the time, baseball Commissioner Bud Selig refused to approve a new TV deal with Fox Sports that the team was counting on in order to make payroll and keep the franchise solvent.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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