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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)
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