Dodger sale closes; McCourt era is over

Finally. From the LAT:

The new owners wired the final payment on the record $2.15-billion purchase price on Tuesday, closing the transaction that ended the McCourt era and ushering in Guggenheim Baseball as the Dodgers' third owner since the O'Malley family sold the team in 1998, individuals close to the negotiations confirmed. The new ownership group, fronted by Magic Johnson and incoming Dodgers President Stan Kasten, is expected to hold its first news conference on Wednesday. Dodgers controlling owner Mark Walter, who arranged the financing as chief executive of Chicago-based Guggenheim Financial, is expected to make a rare public appearance at the news conference.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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