Magic Johnson is in as part owner of the Los Angeles Dodgers -- and Frank McCourt is out -- after sealing a TWO BILLION dollar deal to purchase the team!! And the crowd went wild.
Magic and McCourt announced the record-setting deal late Tuesday night that should transfer ownership of the team to an investment group led by the former NBA great by the end of April.
The deal still has to be approved in federal bankruptcy court.
The $2 billion price tag would be a record for the sale of any American sports franchise.
As part of the deal McCourt would get to buy the land around Dodgers Stadium -- mainly the overpriced parking lots -- for around $150 million. Face it Dodger fans ... he's never leaving.
But at least ya got Magic!