Dodgers Ticketing Arm Linked To Mark Walter’s $17 Billion Shuffle Amid Probe

LOS ANGELES, CA - DECEMBER 14: Andrew Friedman speaks while Mark Walter and Shohei Ohtani of the Los Angeles Dodgers look connected during the Shohei Ohtani Los Angeles Dodgers Press Conference astatine Dodger Stadium connected Thursday, December 14, 2023 successful Los Angeles, California. (Photo by Rob Leiter/MLB Photos via Getty Images)

MLB Photos via Getty Images

The Los Angeles Dodgers person go 1 of baseball’s astir powerful franchises nether proprietor Mark Walter, but the billionaire’s sprawling business empire is now facing important national scrutiny.

And that investigation mightiness person taken connected immoderate caller relevance for Dodgers fans aft financial filings revealed that a institution tied to the squad was among the investments caught up successful a awesome reclassification.

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Los Angeles Dodgers Owner Becomes Subject Of Federal Investigation

Federal investigators had been examining Walter’s financial businesses earlier a high-profile waste of the Los Angeles Lakers heightened scrutiny astir his sports holdings.

“Federal agents seized the mobile telephone and machine of Los Angeles Dodgers proprietor Mark Walter past September successful a wide-ranging probe into the financial dealings of the billionaire’s businesses,” Zachary R. Mider, Ava Benny-Morrison and Myles Miller reported for Bloomberg Law. “Federal prosecutors successful Manhattan person been investigating imaginable financial improprieties astatine 2 of Walter’s security companies and astatine Guggenheim Partners, the financial patient Walter leads.”

The investigation does not mean the Dodgers aliases Walter person been accused of immoderate wrongdoing, and nary charges against Walter person been announced. But Delaware Life, the security institution that Walter controls, has acknowledged immoderate errors successful really it presented its business investments.

“Delaware Life said investigators are examining whether investments tied to affiliated businesses had been improperly reported arsenic unaffiliated,” Alex Andrejev, Melody Gutierrez and Rebecca Tauber reported for The Athletic. “In all, the filings show Delaware Life revised its disclosures to place astir $17 cardinal much successful investments tied to related businesses, expanding its stock of the company’s portfolio from astir 3 percent to 42 percent.”

Los Angeles Dodgers Ticketing Subsidiary Linked To Billionaire Owner’s Shuffle

And aft disclosing the $17 cardinal successful related investments, it appears the Dodgers are much straight progressive successful Walter’s different holdings than fans mightiness person known.

“One of the investments that appears to beryllium caught up successful the reclassified dealings was a $4.1 cardinal indebtedness to Dodger Tickets LLC, a subsidiary tied to the Dodgers and progressive pinch ticketing and different business operations,” The Athletic reported. “Delaware Life listed that indebtedness arsenic unaffiliated successful its 2025 yearly statement. In the March filing, the aforesaid finance was listed arsenic affiliated.”

Dodgers president and CEO Stan Kasten was besides listed arsenic the CEO of Dodgers Tickets LLC successful a California business filing, according to the report.

The disclosure could beryllium important arsenic it illustrates the type of affiliated-business narration investigators and regulators are reportedly examining crossed Walter’s financial empire. And if the investigation increases unit for Walter to divest immoderate of his different sports holdings aft the Lakers sale, it’s imaginable the Dodgers could acquisition immoderate important changes astatine the top.