Dodgers’ Sale Complete

TUESDAY, 12:09pm: The Dodgers' sale has closed, Shaikin tweets. The team announced the sale and listed the official sale price at $2 billion.

MONDAY, 7:51pm: The sale will not close today, reports Bill Shaikin of The Los Angeles Times (on Twitter). The sale is not in danger and is expected to close early tomorrow.

9:23am: Frank McCourt is out and Magic Johnson and Stan Kasten are in. The sale of the Dodgers will close today, as expected, Yahoo's Tim Brown tweets. Lawyers from MLB and the incoming ownership group worked through the weekend to resolve outstanding issues.

Guggenheim Baseball Management agreed to buy the Dodgers for $2.15 billion last month, but the team has technically been McCourt's ever since. Dodgers fans can look forward to a return to prominence under Johnson, an NBA Hall of Famer, and Kasten, the former president of the Braves and Nationals. It's unclear whether the Dodgers will have payroll flexibility at the upcoming trade deadline.

Mike Axisa contributed to this post.