(CNN) -- Magic Johnson is a part of some exclusive clubs: NCAA and NBA champions. Basketball hall of famers. Olympic gold medalists. Now he's joined an even more exclusive group: players who have become owners of professional sports teams. Last week, the Los Angeles Dodgers announced that a group including Johnson, film producer Peter Guber, baseball executive Stan Kasten and Guggenheim Partners CEO Mark Walter had purchased the team. The staggering price tag: $2.15 billion. Johnson told ESPN's "Baseball Tonight" that the new ownership was determined to turn around the ballclub, which has suffered from uneven play, an attendance decline and the Bryan Stow fan-beating scandal in recent years as well as controversy over previous owner Frank McCourt's financial situation.
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Magic Johnson becomes one of the rare team athletes to become a team owner
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Professional players have had a mixed record when they have turned to team ownership
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Nolan Ryan's Rangers have done well, but Wayne Gretzky's Coyotes fell flat
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Johnson says he's committed to improving team and "selling the Dodger brand"
"We're going to work hard to bring them a winning team and a great fan experience," Johnson told the @placeholder program.