The Los Angeles Dodgers are not for sale, and no sale process has been initiated, Mark Walter’s holding company said Wednesday.
TWG Global issued a statement after speculation about the club’s future intensified in the wake of Walter’s proposed $12.5 billion sale of the Los Angeles Lakers. Walter, the Dodgers’ controlling owner and chairman, is now drawing a clear line between the Lakers transaction and any potential move involving baseball’s highest-payroll franchise.
“Regarding the Los Angeles Dodgers, to be clear, the team is not being sold and no sale process has been initiated,” TWG said.
Dodgers president Stan Kasten has echoed this stance in on-the-record interviews. TWG described Kasten as the public face of the franchise.
TWG characterized the Lakers agreement as a premium-priced transaction, not a distressed sale. According to the company, Josh Kushner and his team approached Walter with the proposed $12.5 billion deal, which represents a 25% premium to the price Walter paid less than a year ago.
That figure marks an even steeper premium over the $5 billion valuation Walter paid in 2021. TWG’s statement explicitly rejected any suggestion that the Lakers agreement should be viewed as a “fire sale.”
Valuation is at the heart of TWG’s response. The Dodgers are the centerpiece of Walter’s sports holdings and carry the highest payroll in baseball. As two-time defending World Series champions, any hint of ownership instability would have major financial implications for the sport and its betting markets.
Walter is currently under investigation by federal prosecutors and the Securities and Exchange Commission regarding potential loan fraud. TWG dismissed reports alleging fraud as erroneous or misinformation.
“There is no victim here,” the company said. “No one has been harmed, and no one has claimed they were harmed.”
TWG said it is cooperating with authorities. The statement did not address any financial impact on the Dodgers, their payroll, or their ownership structure.
No active transaction is underway involving the Dodgers. TWG pointed to Kasten’s public declarations as further confirmation that the club is not being marketed.
Walter is reportedly seeking to sell his stake in Premier League club Chelsea FC. That move signals the company is handling individual assets separately, not orchestrating a broad retreat from sports ownership. TWG did not provide terms, a prospective valuation, or a timetable for any Chelsea stake sale.
TWG also said it was not considering an exit from its stake in the Cadillac Formula 1 team or any other part of TWG Motorsports. The statement did not specifically address Walter’s ownership of the WNBA’s Los Angeles Sparks or the Professional Women’s Hockey League.
For the Dodgers, the message is clear: the Lakers’ proposed $12.5 billion transaction does not signal an attempt to cash out of the baseball club. TWG’s formal position remains that the Dodgers are not being sold.
TWG reiterated that the Lakers agreement carried a 25% premium to the price Walter paid for the NBA franchise less than a year ago.
