MLB

When the news broke last week that Mark Walter was selling the Lakers just one year after buying the storied basketball franchise, executives working for another crown jewel in his sports empire — the Dodgers — were quick to say the billionaire had no plans to sell the team.

The Dodgers have won three of the last six World Series and 12 division titles since an ownership group led by Walter bought the then-bankrupt team in 2012, and the Dodgers now are considered the most successful — and lucrative — franchise in Major League Baseball.

Yet, amid Walter’s financial difficulties, including a federal inquiry into his insurance empire regarding $16 billion to $21 billion in undisclosed loans to his own companies, questions remain over whether the blowback will hit the Dodgers.

Walter has denied wrongdoing, and sports business experts say it’s far too soon to know whether the Dodgers will be in play. No charges have been filed against Walter or anyone associated with his businesses.

“If you’re judging on that — winning and revenue created — he’s been at the helm of all of that. … He does truly look like a white knight as it relates to his ownership of the Dodgers,” said Patrick Rishe, executive director of the Sports Business Program at Washington University in St. Louis. Still, “we don’t know what the issues are, and we don’t know the severity and the magnitude.”

Aside from the Lakers, the Dodgers are, by far, the most valuable of Walter’s handful of sports franchises, and industry sources not authorized to speak publicly about any potential sale told The Times that the team could fetch $10 billion to $13 billion.

Walter’s sports portfolio includes the Los Angeles Sparks of the Women’s National Basketball Assn.; the Cadillac Formula 1 racing team; a premier women’s tennis competition, the Billie Jean King Cup; and the entire Professional Women’s Hockey League. The Bloomberg Billionaires Index estimates Walter has a net worth of $18.3 billion.

There have been reports that he is putting his shares of his most valuable professional soccer franchise, the Chelsea Football Club of the English Premier League, on the market.

But the Dodgers are the greatest show in baseball, playing before stadiums packed with fans willing to shell out top dollar to see a roster that includes international superstars Shohei Ohtani and Yoshinobu Yamamoto.

Last week, Dodgers president and part-owner Stan Kasten said the Lakers sale “really has nothing to do with the Dodgers” and that “there are no changes here or contemplated here.” And Dodgers manager Dave Roberts said at a news conference that he was “shocked” by news of the Lakers sale and had not heard of any potential changes to Dodgers ownership.

Andrew Granato, a law professor at the University of Texas at Austin who specializes in corporate finance and insurance, said that although it was not yet clear whether Walter would offload the Dodgers, it would not be impossible, given the speed and scale of the billionaire’s recent financial transactions and the mounting federal and public scrutiny.

“I imagine that no fan feels particularly comfortable if the owner of their favorite team is under … investigation. Certainly, it’s not an ideal situation,” he said.

Walter was riding high after the Dodgers’ success and his $10-billion purchase of the Lakers last year. But the last few months have been challenging.

The loans by two Delaware life insurers that Walter owns were made to companies tied to him or his TWG Global holding company but were not disclosed as “related party” transactions as required, the Wall Street Journal reported. Related-party transactions made by insurers are required to be reported to limit conflicts of interest and protect policyholders, who have an interest in the financial strength of their insurers.

Walter, the 66-year-old chief executive of Chicago investment firm Guggenheim Partners, led a group that included another Guggenheim executive and Magic Johnson in acquiring the Dodgers for $2.15 billion in 2012, then a record for an MLB team.

The Times has reported that he tapped the insurers he owned for financing, a deal that was later vetted by state insurance regulators.

However, the amount of related-party loans made by the two affiliated life insurers now under federal scrutiny is vastly more, amounting to 40% of the invested assets of Delaware Life as of Dec. 31, according to Fitch Ratings. The credit rating firm said that is the most of any North American life insurers it reviews.

It’s unclear where the money went, but the Wall Street Journal reported that billions were passed through a third party before being received by entities tied to Walter or his TWG Global holding company.

Last week, Walter stunned the sports world by selling a majority stake in the Lakers for $12.5 billion to former Disney Chief Executive Bob Iger and venture capitalist Joshua Kushner, who is the brother of President Trump’s son-in-law Jared Kushner.

Walter has declined to comment on whether the sale was tied to the federal investigation.

The framework for a deal was consummated in a matter of days, Iger told interviewers last week. It still must be approved by the NBA Board of Governors, which meets in September.

Projecting an exact value for the Dodgers is difficult because MLB and its players union are engaged in contentious collective bargaining negotiations that many experts believe could result in a lockout when the current agreement expires in December.

Should a salary cap be agreed upon for the first time in MLB history, the valuation could jump to the high end, the source said. And about $1 billion of any sale would be subtracted to cover the Dodgers’ future commitments on deferred contracts.

The Dodgers’ massive local television deal with SportsNet LA directly elevates the franchise’s overall valuation.

Listing potential buyers should the Dodgers be for sale is challenging because the estimated value of the franchise is so much greater than almost any other MLB team. The record price for a sports franchise was the $12.5 billion for the Lakers.

Besides Kushner and Iger, those who have bid for teams aren’t in the $10-billion-plus ballpark. The San Diego Padres were sold last week for $3.9 billion to José E. Feliciano and Kwanza Jones.

Another question that has arisen as Walter’s financial troubles have garnered headlines is whether MLB would conduct its own investigation into Dodgers ownership or pressure the billionaire and his partners to sell the team.

“Any time there is any kind of public question about owners, they look into it,” former Dodgers president Bob Graziano told The Times. “I would guess, because there is a federal investigation going on, they’re not launching their own investigation, but they are going to wait to see what comes out of the federal investigation.”

No investigation of any kind into the matter has been announced by MLB.

MLB has never formally stripped an owner of a franchise or forced an outright sale through a vote of franchise owners. But the league forced Frank McCourt to sell the Dodgers in 2012 by exerting pressure and threatening a financial takeover or disciplinary action that would have stripped operational control.

When McCourt sold the team to Walter’s Guggenheim group, the franchise was in Chapter 11 bankruptcy.

When Guggenheim purchased the team in 2012, it outbid billionaire hedge fund manager Steven Cohen, who now owns the New York Mets. A group headed by former Yankees and Dodgers manager Joe Torre and L.A. developer Rick Caruso dropped out of the bidding ahead of Cohen. Additional bidders included media executive Leo Hindery, billionaire Tom Barrack, then-St. Louis Rams owner Stan Kroenke and Jared Kushner.

Times staff writer Laurence Darmiento contributed to this report.

Major League Baseball’s team owners unanimously have approved the sale of the San Diego Padres to an investor group led by private equity billionaire José E. Feliciano and his wife and business partner, Kwanza Jones.

The league announced the approval Monday after a vote. Feliciano and Jones reached an agreement in May to buy the Padres from the family of late owner Peter Seidler at an MLB-record valuation of $3.9 billion. The deal is still contingent on the official closing of the transaction in the coming weeks.

“José and Kwanza understand the unique place the Padres hold in San Diego and the powerful bond between the club and its fans,” Commissioner Rob Manfred said in a statement. “We look forward to their leadership of the Padres and to working with them to build on the club’s strong foundation in a market that is so important to Major League Baseball.”

Seidler’s family announced its intention to explore a sale of the Padres last November, two years after his death. The 53-year-old Feliciano, a co-founder of Santa Monica-based private equity firm Clearlake Capital, emerged from the competition as the Seidler family’s top choice.

Padres Chief Executive Erik Greupner and general manager A.J. Preller will remain in charge of day-to-day operations, according to MLB’s announcement.

“We are a family first, and becoming owners of the San Diego Padres means joining an even larger one,” Jones and Feliciano said in a statement. “We are grateful to the Seidler family, and especially to Peter, for raising the expectations of what this franchise can achieve. … Our ambition is clear: to bring a World Series championship to San Diego and build an enduring organization capable of competing for championships year after year. We intend to be engaged owners, bringing our energy, experience and perspective while working alongside the talented team already in place and investing ambitiously and thoughtfully in the Padres’ future.

“We are all in and committed to winning.”

Peter Seidler assumed majority control of the Padres in 2020 after first joining their ownership group in 2012, but he became beloved in San Diego for his aggressive financial pursuit of winning and his eagerness to engage with the team’s fan base. He died at age 63 in November 2023.

The Padres dramatically increased their payroll under Seidler, allowing Preller to build the foundation for the current team, which has made four playoff appearances in the past six years and won at least 89 games in three of the last four seasons during the most successful stretch in franchise history. San Diego is currently in the playoff race again, winning 17 of its last 22 games entering Monday to surge into an NL wild-card position at 67-58.

“As far as the day-to-day operations, nothing changes for us,” Padres manager Craig Stammen said in New York before San Diego’s series opener against the Mets. “We’ve got to go out here and play the games, just like we have all season long. The ownership sale has kind of been something that’s been going on throughout the entire year. It doesn’t really affect the play on the field, but we’re excited to have José and Kwanza a part of the Padres and can’t wait to welcome them.”

The minority partners in the Padres’ new ownership group include Joey and Jesse Buss, two sons of former Lakers owner Jerry Buss. Coincidentally, the six Buss siblings decided earlier Monday to sell their remaining minority ownership stake in the Lakers to incoming majority owners Joshua Kushner and Bob Iger. Jeanie Buss is contesting the sale of the family’s shares.

When Feliciano and Jones reached their agreement to purchase the Padres earlier this year, they praised the team as “a unifying force in San Diego, rooted in community, connection and belonging.” They’ve since been spotted at Padres games in San Diego and in Mexico City.

“It’s good to see people that care working with us, you know?” Padres outfielder Jackson Merrill said. “I mean, the Seidlers cared a lot. It’ll be fun to see how these people take it, mold it into their own, you know? Trust in them, as they trust in us on the field. So, full confidence in them. Excited to meet them.”

The Padres have never won a World Series, but they were a valuable commodity for potential owners as the only team in the four biggest North American sports leagues in a metropolitan area with roughly 3.3 million people. Downtown Petco Park has become one of the liveliest ballparks in the sport, and the Padres ranked second in the majors in attendance last season.

Feliciano, who was born in Puerto Rico, becomes the second Latino principal owner in baseball, along with the Angels’ Arte Moreno. Latino and Hispanic players comprise roughly 30% of major league rosters.

Feliciano and Jones will hold an introductory news conference at Petco Park on Aug. 24.

Beacham writes for the Associated Press.

Three members of Congress sent a letter on Monday to Major League Baseball and the players union requesting that they tighten policies so an incident last month involving Bryce Harper, FanDuel and an admitted gambling addict cannot reoccur.

Harper, an All-Star with the Philadelphia Phillies, said on Instagram that he created a troublesome, personalized 21-second video on behalf of FanDuel. But he would not have done so had he known the online sportsbook allegedly intended to use it to entice VIP customer Terry Thompson to continue gambling.

The incident triggered the three-page letter signed by Senator Richard Blumenthal, Congressman Paul Tonko and Congresswoman Valerie Foushee that demands an end to the policies that enabled “this type of predatory promotion.”

The letter states that although Harper said he was unaware of the true purpose of the video, the incident “raises broader concerns that players are not prohibited from such endorsements and highlights a systemic failure rooted in the deep enmeshment between leagues, teams, and sports books.

“In fact, MLB rules currently allow players to enter endorsement deals with sportsbooks so long as they do not encourage betting on baseball. Partnerships that do not violate this rule can even use personalized content from players to drive vulnerable fans into debt and addiction.”

The letter suggests that MLB and the players union must confront this “failure” during collective bargaining negotiations that began in May and likely will continue through the expiration of the current agreement Dec. 1.

The letter posed the following five questions and requested that MLB and the players union provide answers by Aug. 24.

1. As MLB and MLBPA renegotiate their collective bargaining agreement, what is your current position on allowing MLB players to seek endorsements and partnerships from sportsbooks? Note: The MLBPA has publicly announced their intention to seek greater freedom for players to have relationships with gambling companies.

2. How will MLB and the MLBPA guarantee that fan safety and well-being take precedence over revenue from gambling partnerships?

3. Do you believe MLB and MLBPA policies on sportsbook endorsements and partnerships are adequate to prevent engagement with predatory VIP programs?

4. Will the MLB and MLBPA undertake any player education to ensure that players understand the risks their participation in sportsbook promotions poses to fans?

5. Will the MLB and MLBPA prohibit players from participating in personalized marketing campaigns by sportsbooks as part of VIP or tier programs?

Harper said he received a request on Cameo in November 2024 to read a message provided by FanDuel VIP host Bryttanni Morgan for a personal “holiday video for Terry.”

“Hey, Terry? What’s up, brother? Hey, man, your host Bryttanni from FanDuel wanted to make sure your Thanksgiving was extra special,” Harper says in the video.

Thompson sued FanDuel, Morgan, DraftKings and the NFL in March, alleging that the sportsbooks caused him to lose about $1.6 million while betting an estimated $18.5 million over a four-year period.

“Had I known FanDuel’s true intent, I would not have made the video,” Harper said. “The same is true had I known anything about Terry or his situation, or about any alleged ‘partnership’ between Cameo and FanDuel.”

The lawsuit filed by the nonprofit Public Health Advocacy Institute on behalf of Thompson and fellow gambler Christopher Sage alleges that FanDuel and DraftKings intentionally fostered addiction by providing enticements such as Super Bowl tickets, hotel accommodations and access to athletes and celebrities.

FanDuel issued a statement after the Harper video came to light in an investigative story published July 9 in the Philadelphia Inquirer.

“We are committed to fostering a culture of responsible gaming and protecting our customers,” the statement said. “Unlike illegal offshore sportsbooks, FanDuel employees are trained to recognize and flag signs of problem gambling and offer resources and tools, and we continue to review and strengthen our policies to ensure we have the industry’s strongest consumer protection initiatives.”

FanDuel and DraftKings, the leading sportsbooks since the U.S. Supreme Court ruled in 2018 that states could legalize sports betting, have developed lucrative partnerships with leagues in all major sports. The 2022 MLB collective bargaining agreement opened the door for players to do promotional work for sportsbooks.

Two outcomes that scream failure on a baseball diamond are striking out and making an error. Jacob Wilson avoids both.

The third-year Athletics shortstop played his 111th consecutive game without an error Sunday, setting a major league record at his position.

Wilson, 24, also ranks among the top 5% of MLB players most difficult to strike out, making contact in more than 90% of his at-bats during his three-year career. The shortstop was a first-round draft pick out of Grand Canyon University in 2023 and played for Thousand Oaks High.

Failure is even more infrequent when he puts on his glove. Wilson surpassed Mike Bordick’s 2002 mark with the Baltimore Orioles for consecutive games played at shortstop without an error.

No wonder the A’s signed him to a seven-year, $70 million contract before the season.

Wilson, whose last error occurred July 6, 2025, credits his dad with prioritizing defense. Jack Wilson was a shortstop with elite range and a powerful arm during a 12-year MLB career from 2001-12, yet he never played a full season with fewer than 10 errors.

“He’s a very defensive-first guy for me growing up by teaching me defense first before the hitting side of things and making sure you’re always prepared to play defense every day,” Wilson told reporters after the Athletics beat the Boston Red Sox 4-3 on Sunday at Fenway Park.

Based on advanced metrics, Jacob doesn’t have the range of his father, but so far he has been more consistent. He made only eight errors in 124 games last season and none in 27 games after being called up from the minors in 2024. That’s a total of eight errors in 216 career games and 1,899 innings at shortstop.

“He definitely has the consistency side of things down pat,” fellow A’s infielder Tommy White told reporters. “The stats don’t lie. He really takes in the second half of the play. Everyone sees the glove, but it’s the accuracy of the arm.”

Putting the bat on the ball is also a Wilson trademark. He was the toughest player to strike out in NCAA Division I, whiffing just 12 times in 438 at-bats as a Grand Canyon sophomore and junior. At Thousand Oaks High, where his dad was head coach, Jacob struck out a mere five times in 343 plate appearances.

Likely out of reach is the MLB record for consecutive games without an error at any position, held by outfielder Robbie Grossman at 440 games, a streak that ended in 2022.

Meanwhile, Wilson plans to focus on staying healthy: He missed a month earlier this season with a dislocated left shoulder after diving for a ball, and missed a few more games when the shoulder flared up again in late June.

Making plays and putting the bat on the ball should continue as long as he’s on the field. Wilson was an American League All-Star last season and finished second in voting for Rookie of the Year to teammate Nick Kurtz after batting .311 and striking out only 39 times in 523 plate appearances.

Before this season, Wilson told Foul Territory that his focus was on improving areas he considered deficient — a quicker first step toward the ball on defense and putting on 10 pounds of muscle to increase his power at the plate.

As for avoiding errors and strikeouts, that should continue to come naturally.

“I know how to stay in my lane, do what I do and help this team win,” he said.