Mark Walter, the Moneyman Behind the Dodgers Deal

A seasoned financier pays a premium for a storied team
Walter, with Tommy Lasorda, led a group of investors that bought the Dodgers Photograph by John Biever/Sports Illustrated/Getty Images

Mark Walter, chief executive officer of investment firm Guggenheim Partners, is a Chicago resident with Cubs season tickets. When the financially troubled Los Angeles Dodgers franchise went on the market, he didn’t let loyalty get in the way of dealmaking. Walter is the controlling partner of the group—it includes former Los Angeles Lakers player Earvin “Magic” Johnson and baseball executive Stan Kasten—that purchased the Dodgers for $2.15 billion in a deal that closed on May 1.

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