MLB monitoring Dodgers owner Mark Walter amid federal probe

Major League Baseball is currently monitoring a federal investigation involving Los Angeles Dodgers owner Mark Walter. Federal authorities, including the U.S. Attorney’s Office in Manhattan and the Securities and Exchange Commission, launched the inquiry following a whistleblower complaint regarding alleged misrepresented loans made between the Guggenheim founder's companies. MLB Commissioner Rob Manfred confirmed that the league is tracking the ongoing external law enforcement probe.

Amid the investigation, Walter has reduced his sports portfolio by selling the Los Angeles Lakers at a $12.5 billion valuation alongside his stakes in Chelsea FC, with reports indicating he is also seeking to sell his controlling interest in the Los Angeles Sparks. Despite the shrinking holdings, Dodgers president Stan Kasten stated earlier this summer that the MLB franchise is definitively not for sale.