The Los Angeles Dodgers are one of the oldest and most successful teams in Major League Baseball (MLB). Formerly known as the Brooklyn Dodgers, this team is notable for recruiting the first African-American baseball player in the form of Jackie Robinson to their roster. They have also been successful in winning seven World Series Championships along with eight National League (NL) championships and nine NL West Division titles to their collection.
Stan Kasten has been continuing his role as the President and the CEO of the Los Angeles Dodgers team since April 2012, while on the other hand, Dave Roberts is in his 8th season as the team's manager. They currently use Dodgers Stadium as their home stadium, which is the largest baseball stadium in the world by seating capacity. Besides having good baseball players, the team has also gained fans because of their community and charity work.
Who owns the Los Angeles Dodgers?
Mark Walter is the controlling owner and chairman of the Los Angeles Dodgers, holding a majority stake in the team through the Guggenheim Baseball Management group. As a lead owner of the team and management group, he owns 27% of the stake as per Dan Webb, a lawyer for Walter, in October 2024, as reported by Bloomberg. Born on January 1, 1960, in Cedar Rapids, Iowa, United States, Mark Walter is notable for being the chief executive officer of Guggenheim Partners, a private global financial services company based in New York and Chicago.
Besides owning the Los Angeles Dodgers, Mark Walter and his wife Kimbra Walter also own the White Oak Conservation, which is an animal refuge of 17,000 acres in Florida, United States. Mark Walter also conducts business in real estate, sports, media and entertainment, energy, insurance, franchise, and infrastructural sectors. As per Bloomberg, Walter also purchased Chelsea FC as part of the BlueCo consortium from Roman Abramovich for 2.5 billion pounds in May 2022. He is also the owner of the Los Angeles Sparks of the WNBA.
Also Read: Los Angeles Dodgers World Series Championships
Los Angeles Dodgers under the ownership of Mark Walter
Mark Walter formed the Guggenheim Baseball Management, alongside basketball Hall of Famer Magic Johnson, film producer Peter Gruber, Steve Kasten, Todd Boehly, and Bobby Patton. This ownership group eventually purchased the Los Angeles Dodgers from former owner Frank McCourt by paying $2.15 billion in 2012. According to Bloomberg, this was the highest amount paid for a professional sports team at the time. Since then, Walter has been acting as the controlling owner of the team.
Mark Walter’s ownership saw the Los Angeles Dodgers improve a lot after the turbulent years with Frank McCourt as the owner. He helped the team to become the World Series Champions in 2020. As of 2024, under Walter's, ownership the team also won four National League Championships in 2017, 2018, 2020, and 2024. They also won six NL Division titles between 2013 & 2024 (2012, 2016, 2017, 2018, 2020, 2021, and 2024).
Mark Walter signed Shohei Ohtani, one of the best two-way baseball players of the present times, and the very talented Yoshinobu Yamamoto to his team for the 2024 season and beyond. Such efforts on behalf of the owner of the Los Angeles Dodgers indeed show his responsibility towards the team.
Notable additions to the ownership include Billie Jean King and partner Ilana Kloss, and entrepreneurs Alan Smolinisky and Robert L. Plummer.
FAQ's on Los Angeles Dodgers Owner
A. The present owner of the Los Angeles Dodgers is Mark Walter.
A. Frank McCourt was the former owner of the Los Angeles Dodgers.
A. Mark Walter owns Chelsea FC as a member of the BlueCo Consortium and the Los Angeles Sparks of the WNBA.
A. Mark Walters paid $2.15 million for the Los Angeles Dodgers in 2012.
A. Magic Johnson, NBA Hall of Famer is a member of Guggenheim Baseball Management, which serves as the ownership group of the Los Angeles Dodgers.
