Dodger Magic

A group headed by Magic Johnson won a contentious bidding process March 27 for ownership of the Los Angeles Dodgers with a $2.15 billion offer, putting an end to the Frank and Jamie McCourt era.

While Johnson, the wildly popular former L.A. Lakers star and entrepreneur, is the public face of the group, individual investors who bundled the bid include Hollywood producer Peter Guber, baseball execs Stan Kasten and Bobby Patton, and Todd Boehly and Mark Walter of Guggenheim Partners – which co-owns Prometheus Global Media.

Prometheus also owns Billboard and The Hollywood Reporter.

Walter will be controlling partner of the Dodgers when the deal closes, according to Deadline Hollywood.

The winning bid of $2 billion for the team and its assets, plus $150 million for a 50 percent joint venture with McCourt for the parking lots, is believed to be the largest purchase price in history for any sports team although much of the value is in the real estate and broadcasting rights.