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Sources: Mark Walter has no plans to sell Dodgers after selling Lakers
Los Angeles Times • • general
Key Points:
- Mark Walter announced the sale of his controlling interest in the Lakers but is not looking to sell the Dodgers, according to sources familiar with the matter.
- The sale of the Lakers is specific to that team and does not indicate any intention to dismantle Walter's broader sports empire, which includes the Dodgers, Sparks, Chelsea FC, and other sports entities.
- Walter's firm, TWG Global, is under federal loan investigation and is seeking investors to help pay down loans scrutinized by the Justice Department, but Dodgers president Stan Kasten said the Lakers sale is unrelated to the investigation.
- The Dodgers, purchased by Walter and partners in 2012 for $2.15 billion, have since won three World Series titles and are now valued at $9 billion, while the Lakers were sold at $12.5 billion to buyers including former Disney CEO Bob Iger and investor Joshua Kushner.
- Dodgers manager Dave Roberts expressed surprise at the Lakers sale but confirmed no indication that Walter plans to sell his stake in the Dodgers, emphasizing business as usual for the team.
