With the final payment received on the record $2.15-billion purchase price, Frank McCourt’s turbulent era of the Dodger ownership comes to an end. The team’s new ownership group, fronted by Magic Johnson and incoming club president Stan Kasten, includes Mark Walter, chief executive of the Chicago-based Guggenheim Financial, who arranged the financing and holds a controlling interest in the franchise.

This Day In Baseball

On May 1, 2012 — With the final payment received on the record $2.15-billion purchase price, Frank McCourt’s turbulent era of the Dodger ownership comes to an end. The team’s new ownership group, fronted by Magic Johnson and incoming club president Stan Kasten, includes Mark Walter, chief executive of the Chicago-based Guggenheim Financial, who arranged the financing and holds a controlling interest in the franchise.

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