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Dodgers sale on track to close Monday

Friday's deadline passes without any objections to the bankruptcy court's order approving the sale.

April 27, 2012|By Bill Shaikin
  • Outgoing Dodgers owner Frank McCourt, center, sits with Magic Johnson, part of the new ownership group, at the Dodgers' opener in San Diego earlier this month.
Outgoing Dodgers owner Frank McCourt, center, sits with Magic Johnson,… (Luis Sinco / Los Angeles…)

When the Dodgers take the field Monday night, they should be under new ownership.

The sale of the Dodgers is expected to close as scheduled on Monday, according to three people familiar with the process.

Friday marked the deadline for parties to object to the U.S. Bankruptcy Court order approving the sale from Frank McCourt to Guggenheim Baseball, a group led by Mark Walter, Stan Kasten and Magic Johnson. No objections were filed.

McCourt sold the team for a record $2.15 billion. The money is ready to be transferred to him, two of the people said Friday.

His divorce settlement requires him to pay $131 million to his ex-wife, Jamie, on Monday.

Attorneys for Frank McCourt, Guggenheim and Major League Baseball are close to finalizing the extensive documentation that accompanies the sale. The attorneys are expected to work through the weekend if necessary.

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