Follow LA Observed on Twitter here
Quite a bit of last-minute drama (see post below), but in the end U.S. Bankruptcy Judge Kevin Gross signed off on the sale of the team to a group led by Chicago-based Guggenheim Partners. The $2.15-billion sale is expected to close by the end of the month. The Frank McCourt era is over - well, mostly. He still has an ownership stake in those parking lots.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent Sports stories:
Lakers 'faith' may lead to follyDoug Krikorian back on the beat in Long Beach
Jonathan Martin's Harvard-Westlake (and LA)
The beard stands on principle
The case for Ed Orgeron
New at LA Observed
On the Politics Page
Go to Politics
Sign up for daily email from LA Observed
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.