Tag: walter
Mark Walter and Lakers say sale of team expected to close later this year
Dodgers controlling owner Mark Walter and Lakers president and controlling owner Jeanie Buss broke their silence Wednesday on a blockbuster deal that shocked many in and outside of the Los Angeles. A news release issued by Walter’s team confirmed his acquisition of majority ownership stake of the Lakers, with the transaction expected to close in…
Four things to know about Mark Walter’s Dodgers ownership
p]:text-cms-story-body-color-text clearfix”> When Walter’s Guggenheim Baseball group bought the Dodgers in 2012, the once-proud franchise was mired in embarrassment and mediocrity. Under Frank McCourt’s ownership, the team was in bankruptcy. It had not fielded a top-10 MLB payroll three years running. And it had only won the National League West three times since the turn…
Lakers selling majority ownership of franchise to Dodgers owner
The Los Angeles Lakers, a family-run business since Jerry Buss purchased the franchise in 1979, will be sold to Dodgers controlling owner Mark Walter and TWG Global, according to multiple people briefed on the deal. The deal is expected to occur with the Lakers’ valuation being about $10 billion — a record for a professional…