Korean group reportedly aims to buy minority share of Dodgers

LOS ANGELES -- A Korean consortium is negotiating to purchase a minority stake in the Dodgers from Guggenheim Baseball Management, according to multiple reports.

The Dodgers have not confirmed the reports.

The investors, including a sovereign wealth fund, would buy a 20 percent interest, according to the Korea Koongang Daily.

However, the six primary partners -- Mark Walter, Todd Boehly, Bobby Patton, Magic Johnson, Peter Guber and Stan Kasten -- would remain, the Los Angeles Times reported.

When they bought the club from Frank McCourt in 2012 for a record $2.15 billion, it was partially financed with $1.2 billion from Guggenheim Partners, where Walter is CEO and Boehly is president. A new investment would likely help pay down that financing.

Since the purchase from McCourt, the club's value has increased, mostly through the sale of broadcasting rights to Time Warner Cable for $8.3 billion and capital expenditures to renovate Dodger Stadium.

The Dodgers have had ties to Korea since the club was owned by Peter O'Malley and his sister, Terry Seidler. That includes the 1994 signing of pitcher Chan Ho Park, the first Korean-born Major Leaguer. Current ownership signed pitcher Hyun-Jin Ryu, who has reinforced the connection between his country and team.

Ken Gurnick is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.