Dodgers sold to Magic Johnson group

The Los Angeles Dodgers will be sold to the group led by Magic Johnson for two billion dollars, ESPN reported tonight. The majority owner will be Guggenheim Partners CEO Mark Walter. $2 billion is the highest price ever paid for a North American sports franchise.

The sale to Johnson denies Rams owner Stan Kroenke the most obvious scenario to date for moving the Rams to Los Angeles. If he had become owner of the Dodgers and the land around Dodger Stadium, the opportunity to build a football stadium there and move the Rams into it figured to be a big, irresistible moneymaker, especially irresistible to an owner who refuses to express any level of commitment to keep the Rams in St. Louis.

Well, Stan's a real estate guy, and the #1 rule of real estate is location, location, location; if he intends to move the Rams to L.A., he just lost out on the very best location. 

-$-