Does Magic Johnson still own the Dodgers?

The Los Angeles Dodgers are an American professional baseball team based in Los Angeles.

The Dodgers compete in Major League Baseball (MLB) as a member club of the National League (NL) West division.

The Dodgers were founded in 1883 in the city of Brooklyn, which later became a borough of New York City. The team joined the NL in 1890 as the Brooklyn Bridegrooms and assumed several different monikers thereafter before finally settling on the name Dodgers in 1932.

The Dodgers are owned by Guggenheim Baseball Management.

Does Magic Johnson still own the Dodgers?

Magic Johnson is a part-owner of the Los Angeles Dodgers, owing a 2.3% stake in the team. He invested $50 million during the purchase

Johnson joined controlling partner Mark Walter to form Guggenheim Baseball Management and the group, consisting of six individuals, successfully purchased the Dodgers for $2 billion, setting a record for the highest price a sports team has ever sold for.

The consortium consists of Guggenheim controlling partner Mark Walter, and also includes as investors former Los Angeles Laker Earvin “Magic” Johnson, and movie producer Peter Guber, baseball team executive Stan Kasten, investor Bobby Patton, and former Guggenheim executive Todd Boehly.