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Dodgers sold to Magic Johnson group

Updated: March 28, 2012, 1:21 PM ET
ESPN.com news services

NEW YORK -- One Los Angeles institution is buying another.

A group that includes former Los Angeles Lakers star Magic Johnson and longtime baseball executive Stan Kasten agreed Tuesday night to buy the Los Angeles Dodgers from Frank McCourt for a record $2 billion.

The price would shatter the mark for a sports franchise. Stephen Ross paid $1.1 billion for the NFL's Miami Dolphins in 2009, and in England, Malcolm Glazer and his family took over the Manchester United soccer club ...

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