Pending official approval, Magic Johnson and his group have agreed with current Los Angeles Dodgers owner Fran McCourt to purchase the team for a record $2.15 billion. The move was announced late Tuesday evening. "I am thrilled to be part of the historic Dodger franchise and intend to build on the fantastic foundation laid by Frank McCourt as we drive the Dodgers back to the front page of the sports section in our wonderful community of Los Angeles," Johnson said in a prepared statement.

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