Dodgers president shuts down sale rumors after Mark Walter’s $12.5B Lakers deal
Summary
Los Angeles Dodgers president Stan Kasten said the team is not for sale and denied rumors about selling the franchise. The rumors started after Dodgers owner Mark Walter sold the Los Angeles Lakers for $12.5 billion, but Walter remains committed to the Dodgers and their success.Key Facts
- Dodgers president Stan Kasten said the team is not being sold and no sale process has begun.
- The sale rumors followed Mark Walter’s record $12.5 billion sale of the Los Angeles Lakers.
- Walter bought a controlling stake in the Dodgers from the Buss family last year.
- Walter is cooperating with a federal tax fraud investigation that does not involve the Dodgers.
- Walter is CEO of Guggenheim Partners and based in Chicago.
- Under Walter’s ownership, the Dodgers have won three World Series titles in six seasons.
- The Dodgers have signed top players like four-time MVP Shohei Ohtani to large contracts.
- Walter also owns other sports properties, none of which are being sold according to Kasten.
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