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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Original headline: “After Lakers Move, Dodgers Owner Goes Into Damage Control, Says No “Fire Sale” Is Happening.” Browse more stories.