Inside Mark Walter’s shrinking sports empire as Los Angeles Dodgers owner considers selling off more teams in fire sale

Los Angeles Dodgers owner Mark Walter is actively downsizing his sports empire amid federal investigations by the US Department of Justice and the SEC. Walter has already offloaded several high-profile sports properties to raise immediate capital. In August, he agreed to sell his majority stake in the Los Angeles Lakers for a record $12.5 billion, and subsequently sold his 12.7 percent stake in Chelsea FC owner BlueCo for an estimated $550 million to $630 million.

Walter is now reportedly considering offloading additional holdings, including his controlling stake in the Cadillac Formula 1 team, valued at roughly $3 billion. He is also shopping his stake in the WNBA's Los Angeles Sparks for upwards of $700 million. Despite these moves, Walter currently plans to retain ownership of both the Los Angeles Dodgers and the Professional Women's Hockey League.