The Hall of Fame basketball player ,who for years held an ownership position with his NBA team, the Los Angeles Lakers, is part of the Guggenheim Baseball Management group that bought the team from former owner Frank McCourt for $2 billion.
The team went into bankruptcy under McCourt, who was embroiled in an ugly divorce battle. The sale was to be completed yesterday, when McCourt was to make a $131 million payment to former wife Jamie McCourt as part of their divorce settlement.but was delayed for an unspecified reason. A statement from the Dodgers indicated Jamie McCourt did receive her payment.
Johnson has said he will be involved in a lot of the day-to-day operations, but not in player evaluations.