Billionaire Mark Walter vows to keep Los Angeles Dodgers despite federal inquiry

Billionaire businessman Mark Walter confirmed in an interview with the California Post on Tuesday that he plans to maintain ownership of the Los Angeles Dodgers, Fox News and the New York Post reported. His statement follows questions regarding his future with the Major League Baseball franchise after he unexpectedly sold off his ownership stakes in the Los Angeles Lakers and Chelsea Football Club during the summer. [1][3]

The commitment comes while Walter faces an ongoing federal investigation into his business empire, according to Fox News and the New York Post. Reports from ESPN, AOL, and The New York Times also highlighted his insistence that he will keep the baseball team. [1][3][4][5][6]

Walter purchased the Los Angeles Dodgers in 2012 through his Guggenheim Baseball Management business, Fox News reported. Addressing questions about a potential sale of the franchise, Walter stated that the group intends to keep the team no matter what and added that they plan to continue competing for championships for a decade or more. [1][3]

Walter serves as the chief executive officer of Guggenheim Partners, a global financial services firm that holds more than 345 billion dollars in assets under management. He was born in Cedar Rapids, Iowa, in May 1960 and earned a Bachelor of Science degree in business administration from Creighton University in 1982. [7][9]