May 1, 2012, 2:30 PM EST
And Frank McCourt is gone. Though the Dodgers were diplomatic enough to not mention him in the press release:
The Los Angeles Dodgers, Guggenheim Baseball Management LLC (“GBM”) and Frank McCourt today announced the completion of the sale of the Dodgers to GBM for $2 billion. As previously reported, the Dodgers’ new ownership includes Mark Walter as control person, Earvin “Magic” Johnson, and Stan Kasten as CEO of the organization.
The Los Angeles Dodgers stated, “The Dodgers emerge from the Chapter 11 reorganization process having achieved its objective of maximizing the value of the Dodgers through a successful Plan of Reorganization, under which all claims will be paid. The Dodgers move forward with confidence – in a strong financial position; as a premier Major League Baseball franchise; and as an integral part of and representative of the Los Angeles community.”
Know what I look forward to now? Anonymously-sourced articles about how messed up the team was when the new owners took over. Sort of like when the Clinton White House staffers removed all the Ws from the keyboards in January 2001, except with more financial mismanagement and fecklessness.
Anyway: bye-bye Frank. Hello Mark, Magic and Stan
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