The day we have waited for for some time has finally come. The Frank McCourt ownership of the Dodgers is now officially over, as the $2 billion sale closed on Tuesday.

Guggenheim Baseball Partners LLC is now in charge, with Mark Walter as control person, Stan Kasten as CEO, and Magic Johnson as the face and standing ovation generator.

"The Dodgers emerge from the Chapter 11 reorganization process having achieved its objective of maximizing the value of the Dodgers through a successful Plan of Reorganization, under which all claims will be paid," the Dodgers released in a statement. "The Dodgers move forward with confidence - in a strong financial position; as a premier Major League Baseball franchise; and as an integral part of and representative of the Los Angeles community."

Bill Shaikin of the Los Angeles Times reported that general manager Ned Colletti met with representatives of Andre Ethier on Friday and speculates that an extension for the two-time All-Star right fielder could be the first order of business for Guggenheim Baseball Partners.