Guggenheim Partners owns the biggest stake in the team, a person familiar with the transaction said. Walter and Johnson own smaller stakes of about 7 percent to 10 percent each, said the person, who declined to be identified because the details aren't public.

Controlling Partner

Other investors include Hollywood producer Peter Guber, chief executive officer of Mandalay Entertainment Group and co- owner of the National Basketball Association's Golden State Warriors, and former Atlanta Braves and Washington Nationals President Stan Kasten, who will relocate to Los Angeles and run the Dodgers.

Walter will be the controlling partner, allowing him to vote on behalf of the team on issues brought before the owners of the 30 MLB clubs.

Later this year, the new owners will have the chance to sell future television rights to games, the team's most valuable asset. Fox Sports has a right to match any rival offers under certain conditions.

Fox successfully fought McCourt when he tried to sell the rights earlier than allowed under the current contract.

"We look forward to working with them on showcasing the first-place Dodgers to their fans around the country and helping the fans get to know the new owners," Fox said in a statement provided by company spokesman Chris Bellitti.

'Dem Bums'

While based in Brooklyn, New York, the Dodgers became the first Major League Baseball team with a black player when Jackie Robinson took the field in 1947. They started play in 1884 as the Brooklyn Atlantics, and didn't win their first championship until 1955. Departing from devoted fans that lovingly called them "Dem Bums," they joined the Giants in moving from New York to California in 1958.

The Dodgers have won six World Series, tied for fifth-most in baseball. Five came in Los Angeles, where Duke Snider, Sandy Koufax, Steve Garvey, Fernando Valenzuela and Kirk Gibson led them to championships.