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Entertainment · Celebrity news · published 2026-08-26 · via The Hollywood Reporter

Dodgers Owner Denies Team Sale Amid Federal Fraud Inquiries

Mark Walter's holding company TWG Global has confirmed that it is cooperating with the U.S. Department of Justice and the Securities and Exchange Commission regarding fraud allegations tied to Guggenheim Investments. The firm insists the recent $12.5 billion Lakers sale was a premium deal, not a fire sale, and explicitly states the Dodgers are not for sale. TWG also rejects claims that the Dodgers' acquisition or funding was improper, citing the team's top revenue in baseball.

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The federal inquiries stem from deals made by Guggenheim Investments, Walter's asset-management arm, with probes now confirmed at both the DOJ and SEC. TWG Global's statement marks the first comprehensive public response since the Lakers sale announcement, which came just weeks after the NBA approved Walter's initial purchase of that franchise at a $10 billion valuation in October 2025.

Walter's sports portfolio extends well beyond the Dodgers and Lakers, encompassing the WNBA's L.A. Sparks, Chelsea F.C.,

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