Dodgers sale is bad news for fans

Frank McCourt woke up Wednesday with what must’ve seemed like the weight of the world lifted off his shoulders. Late on Tuesday night, McCourt signed over ownership of the Dodgers for $2.15 billion to a group of investors. While the investors include Los Angeles luminary Magic Johnson and long-time baseball executive Stan Kasten, the group was bankrolled by Guggenheim Partners, a private equity firm that manages over $125 billion in assets.

Darren Rovell, host of SportsBiz on CNBC, tweeted that he had spoken to two bankers familiar with the Dodgers situation, and that they pegged their asset value “closer to $680M,”…