Overview
- Walter told the California Post that he will retain ownership of the Los Angeles Dodgers and continue to back the team’s championship drive, a position he made clear on Wednesday.
- Federal investigations by the Justice Department and the Securities and Exchange Commission into potentially improper loans tied to insurance companies under Walter’s control remain active and unresolved.
- This year Walter sold or began exiting other sports holdings, including the Lakers and his Chelsea stake, and has been reported to be exploring a sale of the WNBA’s Los Angeles Sparks.
- Walter’s holding company, TWG Global, has denied wrongdoing and said the Dodgers are not for sale, while Major League Baseball says it is monitoring the external inquiries for any league implications.
- Walter is a roughly 27 percent Dodgers owner who helped lead the 2012 Guggenheim purchase and has overseen multiple World Series titles, so investigators’ findings could affect owner liquidity, public trust and team spending plans as the league and players negotiate a new collective bargaining agreement.