Magic Johnson Group to Buy LA Dodgers for $2 Billion

At a historic auction basketball legend leads a group of investors to revive the baseball team.

LOS ANGELES — Magic Johnson is about to learn $2 billion only buys you so much. Now he'll need to bring the Los Angeles Dodgers the same success he brought the Lakers.

NBA legend Magic Johnson is heading up an investment group that will purchase the Los Angeles Dodgers for $2 billion dollars.

NBA legend Magic Johnson is heading up an investment group that will purchase the Los Angeles Dodgers for $2 billion dollars.

By Walter Hamilton The new owners of the Los Angeles Dodgers have ties to one of America's old money families. Guggenheim Partners is connected to the family of Meyer Guggenheim, who came to the US in the 1840s and made a fortune in mining.