WE NEED HIM BACK: The Owner of The Los Angeles Dodgers, Mark walter announced to sell the team
On a temporary platform at Globe Life Field in Arlington, Texas, three years ago, Mark Walter commemorated the pinnacle of his ownership of the Dodgers.
He was holding the Commissioner’s Trophy. The World Series was won by the Dodgers.
A television broadcaster asked Walter what the championship meant for the Los Angeles city and the team shortly after he handed Andrew Friedman the 30-pound sterling silver piece. Walter opened a sheet of paper and began to read, not responding to the question.
The Los Angeles Dodgers’ new ownership group, Guggenheim Baseball Management, was formally announced on May 2, 2012. Frank McCourt sold the team, stadium, and surrounding real estate to the group, led by principal owner Mark Walter, for a record $2 billion.
The Guggenheim ownership group also included Magic Johnson, Bobby Patton, Todd Boehly, Peter Guber, and Stan Kasten, the team president and CEO. In addition to Walter,.
The record-breaking acquisition persisted until 2020, when Steve Cohen, a hedge fund manager, paid the Wilpon family $2.4 billion to acquire the New York Mets.
According to a list, both owners are currently among the top five most wealthy MLB team owners, with Walter coming in fifth with a $5 billion net worth.
assembled by MLB Trade Rumors and built using information from the L.A. Times and Forbes.
With a net worth of $15.9 billion, Cohen is the owner with the highest net worth among owners, followed by Edward Rogers III, chairman of Rogers Communications, owner of the Toronto Blue Jays, with $11.5 billion.
The only owners worth more than Walter are Charles B. Johnson of the San Francisco Giants (worth $5.8 billion) and John Malone of Liberty Media, the chairman of the Atlanta Braves, who is worth $8 billion.
Walter is followed by the Washington Nationals’ ($4.9 billion) owner, the Dolan family ($4.6 billion), the Chicago Cubs’ ($4.5 billion) owner, the Ricketts family ($4.5 billion), and the St. Louis Cardinals’ owner, William DeWitt Jr., at $4 billion.
The New York Yankees’ owners, the Steinbrenner family, come in at number ten with $3.8 billion, while Arturo Moreno of the Los Angeles Angels and John Henry of the Boston Red Sox are tied for 13th place with $3.6 billion each.
The estimated net worth of Seidler Equity Partners, the owner of the San Diego Padres, is approximately $3 billion. The ownerships of the Arizona Diamondbacks and Colorado Rockies are estimated to be in the bottom five of all National League West teams, with less than $1 billion between them.
There are just six owners whose net worth is less than $1 billion: Owners of the Rockies ($700 million), Miami Marlins ($500 million), Milwaukee Brewers ($700 million), Tampa Bay Rays ($800 million), Diamondbacks ($600 million), Rockies ($700 million), and Miami
