{"id":444112,"date":"2026-08-26T14:58:11","date_gmt":"2026-08-26T14:58:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/444112\/"},"modified":"2026-08-26T14:58:11","modified_gmt":"2026-08-26T14:58:11","slug":"mark-walters-twg-global-defends-dodgers-financing-and-lakers-sale","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/444112\/","title":{"rendered":"Mark Walter’s TWG Global defends Dodgers financing and Lakers sale"},"content":{"rendered":"\n

TWG Global \u2014 the holding company of Dodgers owner Mark Walter<\/a> \u2014 rejected allegations of financial impropriety in the purchase and operation of the Dodgers<\/a> and reiterated the team is not for sale.<\/p>\n

At a time insurance regulators and federal investigators are looking into allegations that insurance companies under Walter\u2019s umbrella did not properly disclose and conduct transactions between other companies he controls, and after Walter sold his controlling interest in the Lakers<\/a> at a record $12.5 billion valuation, potential bidders have monitored<\/a> whether the Dodgers might be sold as well.<\/p>\n

In a statement Tuesday, TWG Global decried \u201cmultipronged attacks against TWG \u2026 by unnamed sources with self-serving interests\u201d and said no insurance policyholder has been hurt as a result of the company\u2019s financial transactions.<\/p>\n

\u201cThere is no victim here,\u201d the statement said. \u201cNo one has been harmed, and no one has claimed they were harmed.\u201d<\/p>\n

In 2012, when Walter and his partners bought the Dodgers for $2 billion, The Times reported<\/a> the use of $1.2 million from Guggenheim Partners insurance funds into the deal. At the time, rival bidders expressed concern over the unusual financing, but state insurance regulators cleared the deal and Major League Baseball approved it.<\/p>\n

\u201cThe transaction was subject to a full investigation conducted by an outside law firm on behalf of insurance regulators from multiple states,\u201d the statement said, \u201cwhich identified no irregularities and resulted in no further action.\u201d<\/p>\n

Even with the Dodgers issuing over a billion dollars in deferred contracts and amid whatever transactions might have been conducted between TWG-related insurance companies and the Dodgers\u2019 affiliates<\/a> \u2014 including ones that hold the team\u2019s television rights and ticket revenues \u2014 the Dodgers\u2019 ability to fund player contracts is not at risk, according to the statement.<\/p>\n

\u201cThe Dodgers have the highest revenue in baseball, and it significantly exceeds the team\u2019s obligations to its players,\u201d the statement said.<\/p>\n

The statement reiterated that, as Dodgers president Stan Kasten has said<\/a>, \u201cthe team is not being sold and no sale process has been initiated.\u201d<\/p>\n

The Dodgers, if sold, could likely command a price in the range of $10 million to $13 million, industry analysts have told The Times.<\/p>\n

The Lakers<\/a> sold at a record price for a North American sports franchise, although industry analysts have said a competitive bidding process likely would have resulted in an even higher sale price.<\/p>\n

Said the statement: \u201cMr. Walter was approached by Josh Kushner and his team about this transaction and the agreement represents a 25% premium to the price paid by Mr. Walter less than a year ago (and an even higher premium to the $5.0 billion valuation Mr. Walter paid in 2021) \u2014 hardly a \u2018fire sale.\u2019\u201d<\/p>\n

The statement added: \u201cTWG is not looking to sell its sports assets at \u2018fire sale\u2019 prices to raise capital for its insurance operations.\u201d<\/p>\n

TWG said it is \u201cworking cooperatively and in partnership with the Delaware Department of Insurance\u201d to resolve the regulatory issues and \u201cis committed to working with the U.S. Department of Justice and the Securities and Exchange Commission to resolve their inquiries.\u201d<\/p>\n

\u201cTWG stands firmly behind the integrity of its business,\u201d the statement read. \u201cDespite what has been reported, there has been no fraud.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"TWG Global \u2014 the holding company of Dodgers owner Mark Walter \u2014 rejected allegations of financial impropriety in…\n","protected":false},"author":2,"featured_media":440120,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[1804,6709,176014,27536,48,52,51,171257,47,50,49,26269,176017,7755,1929,99268,427,176016,48532,176015,95682],"class_list":["post-444112","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-company","tag-deal","tag-dodgers-financing","tag-interest","tag-la","tag-la-headlines","tag-la-news","tag-lakers-sale","tag-los-angeles","tag-los-angeles-headlines","tag-los-angeles-news","tag-mark-walter","tag-mr-walter","tag-one","tag-price","tag-statement-tuesday","tag-team","tag-time-insurance-regulator","tag-transaction","tag-twg-global","tag-walter"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/444112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=444112"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/444112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/440120"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=444112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=444112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=444112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}