The Los Angeles Dodgers baseball team completed its $2 billion sale to Guggenheim Baseball Partners LLC and emerged from bankruptcy, the team said on Tuesday.

The deal is the richest in U.S. sports history and ends a contentious 10-month Chapter 11 bankruptcy that pitted former team owner Frank McCourt against Major League Baseball in a battle for control of the Dodgers. The Dodgers new ownership group includes basketball great Earvin "Magic" Johnson.

(Reporting By Tom Hals; Editing by Gerald E. McCormick)